Broker Radar for May 18

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

May 18, 2018 03:05 IST India Infoline News Service

Morgan Stanley on Biocon

  • Maintained ‘Overweight’ with a target of Rs785.
  • Observations appear benign with no data integrity issues.
  • Observations pertain largely to quality and controls, largely procedural in nature.

Deutsche Bank on Voltas

  • Maintained ‘Sell’ with a price target Rs470.
  • Weak volume growth in cooling likely to continue.
  • Key disappointment was flat March quarter revenues.
  • Miss on revenues partly compensated by strong margins.

Goldman Sachs on Voltas

  • Maintained ‘Buy’; slashed price target to Rs700 from Rs760.
  • Below expectation but just a hiatus in a positive long-term structural trend.
  • See the risk-reward as favorable as trades at discount to peers.

Source: Media Reports

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