Broker Radar for February 15

Check out the stock commentaries and recommendations from brokerage houses.

Feb 15, 2019 02:02 IST India Infoline News Service

Stock broker in a bull market
Macquarie maintained ‘Outperform’ on Nestle with a TP of Rs12,994
  • December quarter earnings were below estimates on account of lower margins.
  • Domestic revenue growth was in line with estimates.
  • Believe higher A&P spend reflects confidence in demand environment, which is encouraging.
UBS maintained ‘Buy’ on ONGC with a TP of Rs240
  • Lower opex drives EBITDA beat; higher other income drives earnings beat.
  • No subsidy burden so far should allay concerns. Expect investors to react positively.
Deutsche Bank Research maintained ‘Buy’ on ONGC; cut TP to Rs187 from Rs216
  • December quarter review: Benefits from higher realization.
  • Beat due to lower other expenses and higher-than-expected other income.
  • Cut FY19-20 earnings estimates due to lower oil prices.
JPMorgan maintained ‘Overweight’ on Lemon Tree with a TP of Rs87
  • Flat revenue per room in December quarter due to commissioning on new inventory.
  • Cost control drives strong margin performance.
  • Capacity addition plans broadly on track; Mumbai hotel delayed by couple of months.
(As per media reports)

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