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L&T
Brokerage: Citi | Rating: Buy | Target: Raised to Rs 1,452
The global financial services firm said that the company is it stop industrial pick with a huge upside potential. In fact, defence prospects, it said, could fructify in 12-15 months.
Glenmark
Brokerage: Credit Suisse | Rating: Neutral | Target: Cut to Rs 650
The global research firm said that the guidance and further debt are the near term overhangs for the stock. Further, it cut FY18/19 earnings per share (EPS) estimates by 4/5 percent.
Motherson Sumi
Brokerage: IIFL | Rating: Buy | Target: Rs 350
IIFL said that execution of Daimer order may help revenue grow in FY19. Additionally, it sees EPS growing at CAGR of 24% over FY17-20.
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