Jefferies has named Max Financial Services its preferred life insurance stock, keeping a Buy rating even after trimming its target price. The brokerage said regulatory changes should have a manageable effect on growth and pointed to additional upside from the Axis Bank distribution channel.
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"Jefferies lifts Max Financial to top insurance pick, sees 41% upside despite target cut"
Jefferies has named Max Financial Services its preferred life insurance stock, keeping a Buy rating even after trimming its target price. The brokerage said regulatory changes should have a manageable effect on growth and pointed to additional upside from the Axis Bank distribution channel.
Jefferies lifts Max Financial to top insurance pick, sees 41% upside despite target cut
R
RDU Global Wire
Macro Economy & Fiscal Policy Desk
New Delhi, India Just now (11:43 AM IST)•5 min read
Jefferies has named Max Financial Services its preferred life insurance stock, keeping a Buy rating even after trimming its target price. The brokerage said regulatory changes should have a manageable effect on growth and pointed to additional upside from the Axis Bank distribution channel.
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