Credit Suisse on HDFC Bank
* Maintain Outperform, Target `1360* HDFC Bank is a CS Asia Ex Japan Focus List Stock
* Stronger-than-expected loan growth and pick-up in fee income
* Franchise expansion augurs well for future growth potential
* See 20%+ assets and earnings growth on strength in consumer credit cycle
CLSA on HDFC Bank
* Maintain High Conviction Buy, Target `1300
* Results aided by utilisation of`300 cr worth of floating provisions
* Strong Casa growth supports market-share gains; fees disappoint
* Trim earnings by 2-4% for a tad lower top line
Citi on HDFC Bank
* Maintain Buy, Target `1325
* Bank is comfortably in pole position for a stronger economic environment
* Overall asset quality remains fundamentally the same
* Expect the stock to maintain its momentum too, in sync with earnings
BofA ML on HDFC Bank
* Maintain Buy, Target `1400
* Stronger loan growth and stable asset quality drives in-line 4Q
* Well poised to gain significant share with good asset quality
* Best placed to ride the asset quality issues plaguing the sector
* HDFC Bank remains one of our top picks in the sector
Nomura on HDFC Bank
* Raise target to `1325 from `1250, Maintain Buy
* Strong traction in retail to support earnings momentum
* Expect HDFC Bank to deliver ~22% EPS CAGR over FY16-18
* Valuation at 2.8x FY18 book is reasonable and thus maintain Buy
* Some use of floating provisions was seen on asset quality
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