HSBC cuts SBI target, raises FY27-FY29 EPS estimates
In short
HSBC cut its price target on SBI, but also raised its EPS estimates by 4% to 8% for FY27 to FY29.
The bank said stronger net interest margins and operating leverage helped. The report does not give the new target or say how the stock moved.
What the reporting says
HSBC cut its price target on SBI and raised its earnings per share estimates by 4% to 8% for financial years 2027 to 2029, according to a publisher-supplied market summary. The note cites stronger-than-estimated net interest margin momentum and operating leverage as the reasons. The reporting does not state the new target, the prior target, or the size of any share-price reaction.
Why it matters
HSBC cut its price target on SBI while lifting EPS estimates by 4% to 8% for FY27-FY29, according to the reported note. The research cites stronger-than-expected net interest margin momentum and operating leverage. This points to a mixed read-through for SBI shares: lower target, but better earnings expectations. The available reporting does not give the revised target level or market reaction.