UBS upgrades Bank of Baroda to ‘buy’ sets Rs 290 target citing attractive valuations

UBS upgrades Bank of Baroda to ‘Buy’, raises target price to Rs 290 citing stable outlook and attractive valuations.

Loan growth expected at ~12% (FY25–FY27) with limited NIM pressure due to higher MCLR mix.

Stock has surged 20.66% in 1 month, despite a YTD decline of 1.97%.

Technically strong, trading above key EMAs with RSI near 72.