Brokerage firms Morgan Stanley and BofA have initiated coverage on Brainbees Solutions with an overweight and buy rating respectively. Emkay Global has upgraded Tata Motors to a ‘buy’ from ‘add’ while Citi has maintained a buy rating on Exide while cutting the target price of the stock.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Emkay on Tata Motors: Buy | Target price: Rs 1,175
Emkay Global has upgraded Tata Motors to buy from an add rating earlier with a target price of Rs 1,175.
Emkay states that China is relatively smaller for JLR whose profitability and deleveraging story is largely intact. The demand and margin outlook is improving for domestic CV business while for PVs, the segment is relatively better placed than the industry on new launches and lower inventory. The company displays a healthy profitability outlook and undemanding valuation.
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