Morgan Stanley updated its target price for 4 Turkish banks
US-based multinational investment bank Morgan Stanley (MS) updated its price target and recommendation for Akbank, Garanti Bank, Yapı Kredi and İş Bankası shares in its latest report.
In the Morgan Stanley report; While AKBNK's price target was determined as 95 TL, the recommendation was updated as "above-index return". The target price for GARAN was determined as 157 TL and the recommendation was "return parallel to the index", the price target for YKBNK was determined as 44 TL, the recommendation was "return parallel to the index" and the target price for ISCTR was 21 TL, the recommendation was "return below the index".
Latest situation in bank shares
The banking index accelerated its downward trend, seeing a loss of up to 3.5% today. As of the last hour, AKBNK decreased by 2% to 67 TL, while GARAN decreased by 2.5% to 125 TL.
YKBNK is trading just below 31 TL today, down 3%. ISCTR, on the other hand, lost more than 3% in value in the last hour and is traded at 16.2 TL.
