ITC Valuation 'Appealing' After 20% Fall In 2026, Says UBS — Check New Target Price

UBS has reaffirmed its 'buy' rating on ITC, a significant player in the Indian FMCG sector, despite a recent dip in the stock's valuation. The investment bank has revised its target price for ITC shares to Rs 395, down from Rs 420, reflecting a decrease of approximately 20% in projected valuations for 2026. This new target price suggests a potential upside of 22% from ITC's previous closing price, indicating that analysts still see value in the company amid market fluctuations. ITC has been navigating challenges in the consumer goods market, but UBS's optimistic outlook highlights confidence in the company's long-term growth potential. Investors are encouraged to consider this stock as part of a diversified portfolio, given its resilience and consistent performance in the face of economic headwinds.