We’ve put together a list of recommendations from the best brokerage firms from ETNow and other sources:
Morgan Stanley on Yes Bank: Underweight | Objective Rs 20.50
Morgan Stanley launched a cover on Yes Bank with an underweight rating and a target price of Rs 20.50.
Recovery of return on assets (ROA) above 1% will be gradual, he said. The global investment bank expects a strong improvement in RoA to 1% by FY25, which will be helped by higher PPPO margins and lower borrowing costs.
Credit Suisse on InterGlobe Aviation: Outperforming | Target Rs 2350
Credit Suisse maintained an outperform rating on InterGlobe Aviation with a target price of Rs 2,350 thanks to the addition of aircraft in the third quarter, in particular 321 NEO.
Indigo is taking advantage of the robust demand environment, he said. The global brokerage firm believes a combination of higher yields and lower costs could lead to a strong third quarter.
JPMorgan on Paytm: Overweight
JPMorgan maintained an overweight rating on Paytm. Redeem will not hamper the company’s growth plans, the brokerage said. The company will generate a cash surplus after taking into account the investments.
The global investment bank expects tailwinds on cash generation thanks to improving adjusted EBITDA. He expects Paytm to burn $33 million over the next three quarters.
(Disclaimer: The recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic period)