Thursday's top brokerage calls: Aurobindo Pharma, Hero Moto and more
SUMMARY
JPMorgan raised the target for Aurobindo Pharma while brokerages have mixed views on Nestle after earnings announcement. Here are the top brokerage calls for today:
By CNBCTV18.com Apr 22, 2021 9:18:39 AM IST (Published)
JPMorgan on Auro Pharma: The brokerage is 'overweight' on the stock and raised its target to Rs 1,100 per share from Rs 1,050 earlier. It added that valuation discount to peers with US-dependent earnings growth is unwarranted.
Nomura on Hero Moto: The brokerage is 'neutral' on the stock with a target at Rs 3,561 per share. Gogoro partnership for battery swapping will help in the electric two-wheeler ecosystem, it said.
Credit Suisse on Coal India: The brokerage has an 'outperform' call on the stock with a target at Rs 195 per share. It noted that receivables from the power sector to the company fell sharply in March.
Goldman Sachs on Nestle: The brokerage maintains a 'sell' call on the stock with a target at Rs 12,905. It is bearish on Nestle given the competitive intensity in key product categories.
Nomura on Nestle: The brokerage has a 'buy' call on the stock with a target at Rs 20,500 per share. It sees stable sales growth with a positive bias for Nestle going ahead.
