Global brokerage firm Citigroup has a Sell rating on and a buy rating on , Morgan Stanley is overweight on SRF, and Goldman Sachs maintained a buy rating on L&T and an Equal-Weight stance on .
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Citigroup on Laurus Labs: Sell| Target Rs 350
Citigroup maintained a sell rating on Laurus Labs with a target price of Rs 350. ARV prices are bottoming out. The global investment bank is waiting for margin stability before turning more constructive.
Citigroup on Tata Motors: Buy| Target Rs 545
Citigroup maintained a buy rating on Tata Motors with a target price of Rs 545. The global investment bank is of the view that a revival is in sight across segments.
Jaguar Land Rover getting over past turbulences, and the domestic business continues to be robust, it said.
Morgan Stanley on SRF: Overweight| Target Rs 3454
Morgan Stanley maintained an overweight rating on SRF with a target price of Rs 3454 post December quarter results. Q3FY23 is ‘a good beat’ with packaging having improved on a QoQ basis.
Goldman Sachs on L&T: Buy| Target Rs 2550
Goldman Sachs maintained a buy rating on L&T post December quarter results with a target price of Rs 2550.
Strong results, positive order, and execution outlook are key drivers. However, lower ‘core’ margin guidance was a slight disappointment.
Strong momentum in order of inflows, execution, and green shoots in capex will be a key variable, said the note.
Morgan Stanley on PNB: Equal-Weight| Target Rs 60
Morgan Stanley maintained an Equal-Weight rating on PNB post December quarter results with a target price of Rs 60.
The global investment bank expects continued gradual improvement. PAT missed MSE, given higher NPA provisions. Gradual recovery remains on track, said the note.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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