UBS maintains neutral rating on Bharti Airtel, raises target price to Rs 1,705

Leading brokerage firm UBS on Thursday reaffirmed its ‘neutral’ stance on Bharti Airtel, citing limited upside potential despite a modest increase in the target price to Rs 1,705 per share from the earlier Rs 1,595 per share. The revised target price suggests a 6% upside from the telecom giant’s last closing price of Rs 1,607.95 on the BSE.