News > Morgan Stanley initiates coverage in Yes Bank, sees downside of 9%

Morgan Stanley initiates coverage in Yes Bank, sees downside of 9%

Given high competitive intensity in retail deposits and limited improvement beyond 1% RoA, global brokerage firm Morgan Stanley has initiated underweight coverage on Yes Bank with a target price of Rs 20.5 per share, which shows a 9% downside from the current market price.  In its report, Morgan Stanley said YES Bank is moving in the right direction post 2020 NPA crisis.