Global brokerage firm Goldman Sachs downgraded , and to sell while upgrading to buy. CLSA, meanwhile, maintained a buy rating on .
We have collated a list of recommendations from top brokerage firms from ET Now and other sources. Take a look:
Goldman Sachs on Infosys: Downgrade to sell| Target Rs 1244
Goldman Sachs downgraded Infosys to sell with a target price of Rs 1244. The global investment bank is of the view that the valuations are still high and not factoring in a downcycle ahead.
The current valuation stands at 22.3X FY24E, it said. The global bank slashed FY23-26E EPS forecasts by up to 6 per cent.
Goldman Sachs on TCS: Downgrade to sell| Target Rs 2611
Goldman Sachs downgraded TCS to sell with a target price of Rs 2611. The global investment bank slashed FY23-26E EPS forecasts by up to 5 per cent.
Goldman Sachs on Tech Mahindra: Downgrade to sell| Target Rs 868
Goldman Sachs downgraded Tech Mahindra to sell with a target price of Rs 868. The global investment bank slashed FY23-26E EPS forecasts by up to 4 per cent.
Goldman Sachs on Wipro: Upgraded to buy| Target Rs 381
Goldman Sachs upgraded Wipro to buy with a target price of Rs 381. The global investment bank slashed EPS estimates marginally by 1-3 per cent.
CLSA on IndusInd Bank: Buy| Target Rs 1400
CLSA maintained a buy on IndusInd Bank with a target of Rs 1400. The bank is seeing a cyclical uptick in core businesses and liability scale-up will be key in the medium-term.
“The growth outlook is improving for core vehicle finance and MFI businesses. Granularising liabilities is a key medium-term deliverable item,” it said.
The bank has a low risk to profitability with improving net interest margin (NIM) outlook and undershooting credit cost 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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