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Life insurers: CLSA downgrades HDFC Life, ICICI Prudential; Max Financial top pick

Updated : January 19, 2021 02:25 PM IST

Private life insurers have recovered well from the pandemic, global brokerage firm CLSA said in a recent report, maintaining a positive view on the sector.
The brokerage has revised Max Financial's target price to Rs 950, indicating a 37 percent upside.
Further, the brokerage has maintained a 'buy' call on SBI Life since its valuation is still below its pre-COVID levels.
Life insurers: CLSA downgrades HDFC Life, ICICI Prudential; Max Financial top pick

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