Broker Radar for December 4

Check out the stock commentaries and recommendations from brokerage houses.

Dec 04, 2019 02:12 IST India Infoline News Service

Buy Hold And Sell Dice Represents Stocks Strategy
Morgan Stanley maintained ‘Underweight’ on Mindtree with a TP of Rs725.
  • Believes uncertainty arising from management changes is now past.
  • Growth outlook over the next few quarters also depends on the external environment.
  • Margin improvement is a focus area at this point.
UBS maintained ‘Buy’ on ICICI Bank; hiked TP to Rs620 from Rs570.
  • All divisions focusing on risk calibrated pre-provisioning operating profit.
  • Digital helping gain market share with better cost-efficiency.
  • Improving profitability will lead to further rerating for the stock.
CLSA on Lupin maintained ‘Sell’; cut TP to Rs640 from Rs650.
  • US revenue was highly dependent on 3 products and clearance of US plants.
  • Any slip on execution pose downside risk to earnings.
  • Cut US revenue estimates which drive 2-4% EPS cut over FY20-22.
JPMorgan on Pidilite maintained ‘Neutral’ with a TP of Rs1,285.
  • Cautious on uncertain near-term growth outlook and rich valuations.
  • Raw material tailwinds priced-in; new initiatives need to step-up.
Citi on L&T Infotech maintained ‘Buy’ with a TP of Rs1,855.
  • Expecting strong September quarter as some of the client-specific issues are now behind us and ramp-up of large deals.
  • Momentum of deal wins has continued to be decent and should provide visibility.
  • Continues to execute well versus other midcap peers.
Source: Media reports

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