We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
JPMorgan on Tata Motors: Overweight| Target Rs 925
JPMorgan maintained an overweight rating on Tata Motors with a target price of Rs 925. JLR wholesales improved, and the mix remains strong.
The model mix is stable. The UK and the rest of the world (RoW) outperformed while North America was slower.
Q3 forecasts showed strong profitability trends to continue across JLR and India businesses.
The management commentary regarding FCF and debt reduction will be important during results.
Jefferies on Financials: Nippon AMC, HDFC AMC
Jefferies maintained a buy rating on Nippon AMC but raised the target price to Rs 540 from Rs 440 earlier.
It maintained a buy rating on HDFC AMC but raised the target price to Rs 3,890 from Rs 3,230 earlier. KFin Tech is also a buy, but the target price was raised to Rs 660 from Rs 570 earlier.Max Financial is a buy, but Jefferies raised the target price to Rs 1,200 from Rs 1,070 earlier. It also maintained a buy on BSE Ltd but raised the target price to Rs 3,000 from Rs 2,700 earlier.
Jefferies on Realty: Mindspace REIT, Prestige Estate
Jefferies upgraded Mindspace REIT to Buy rating from Hold earlier and raised the target price to Rs 365 from Rs 310 earlier.
Prestige Estate was downgraded to underperform from hold but raised the target price to Rs 1,000 from Rs 750 earlier.
Sobha was downgraded to hold from buy but the target price was raised to Rs 1,265 from Rs 900 earlier.
Jefferies maintained a buy on DLF but raised the target price to Rs 875 from Rs 650 earlier. Godrej Properties is also a buy, but the target price was raised to Rs 2,635 from Rs 2,100 earlier.
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
