What should investors do with SBI, HDFC Bank, ICICI Bank and Axis Bank shares? Check latest target prices by Nomura, Morgan Stanley

Bank stocks to buy: Looking for bank stocks to buy? Global brokerages—Nomura and Morgan Stanley have revised their target prices on a few names. Check out the list. 

ICICI Bank share price target

Nomura has maintained a 'buy' rating on ICICI Bank with a target of Rs 1,225 per share. Here's what Nomura highlighted:

• Management expects liquidity to remain tight in the near term;
• Tight liquidity in the near term, led by advance tax payments in March end;
• Expects the liquidity situation to improve gradually;
• Expects the RBI to cut benchmark rates by Q4 FY25/Q1 FY26;
• Expects FY24 margins to be at similar levels to FY23;
• The company could see 10 bps QoQ compression of margins in Q4 FY24, similar to Q3 FY24.

Morgan Stanley has maintained an 'overweight' rating on ICICI Bank. The brokerage has raised the target to Rs 1,400 from Rs 1,350.

SBI share price target

Morgan Stanley has continued with its 'equal-weight' rating on the public sector bank and raised its target price for the PSU bank stock to Rs 750 from Rs 670.

HDFC Bank share price target

Morgan Stanley has maintained an 'overweight' rating on HDFC Bank but has trimmed its target price for the largest private sector bank by assets stock to Rs 1,900 from Rs 2,110.

Axis Bank share price target

Morgan Stanley has retained its overweight call on the private sector lender with a target price of Rs 1,450.