Emkay Global Financial Services has downgraded its rating on Union Bank of India to accumulate from buy with a price target of Rs 170 in its May 08, 2009 research report. “Union Bank of India’s (UBI) reported net profit of Rs 4.7 billion for Q4FY09, decline of 10.8% yoy. Although…
Accumulate Union Bank, target of Rs 170: Emkay
Posted on: May 9th 2009 in Brokerage Recommendations.
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