{
  "id": 3252108,
  "title": "Bernstein cuts PFC, REC target prices as bank competition weighs on loan growth",
  "url": "https://urgent.news/2026/08/25/bernstein-cuts-pfc-rec-target-prices-as-bank-competition-weighs-on",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-25T07:07:44.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/bernstein-cuts-pfc-rec-target-prices-as-bank-competition-weighs-on-loan-growth/articleshow/133498418.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "Bernstein has retained an Outperform rating on Power Finance Corporation (PFC) and REC but cut its target prices and loan-growth estimates, citing stronger competition from banks, slower renewable capacity additions and improving financial health among state-owned DISCOMs. The brokerage lowered its target to Rs 465 for PFC and Rs 410 for REC, while reducing FY26-FY28 loan-book growth estimates to…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}