Broker Radar for December 06

Check out the stock commentaries and recommendations from foreign brokerage houses.

Dec 06, 2018 03:12 IST India Infoline News Service

Buy Hold And Sell Dice Represents Stocks Strategy
Credit Suisse on Tractor Stocks
  • Tractor stocks de-rated on concerns that the industry is now poised for a decline in the next financial year.
  • Near-normal monsoon, state subsidies and strong construction activity to help sustain strong growth for two years.
  • Post a sharp de-rating, Escorts and M&M trade at very attractive valuations.
  • Expect Escorts to grow faster than industry and improve margins at the same time.
HSBC maintained ‘Buy’on UPL ; hiked target price to Rs880 from Rs850.
  • Strong Latin America performance could continue with more sowing in Brazil.
  • Trade war to benefit UPL in LatAm markets; global consolidation another opportunity.
  • UPL to gain market share with high quality generic and innovative products.
JPMorgan maintained ‘Overweight’on Aurobindo Pharma ; hiked target price to Rs940 from Rs835.
  • Building on the core business growth through recent acquisitions.
  • Auro’s execution should provide comfort on the Sandoz deal.
  • Sandoz deal is unlikely to be RoIC dilutive unlike investments by peers.
(Source: Media reports)

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