Oct 30, 2014 at 12:56 | Source: Moneycontrol.com
Credit Suisse maintains outperform rating on the stock as it looks attractive with increasing scale and strong growth expectations. "Increasing momentum in the enterprise business and sustainable margins could drive attractive earnings growth over the next few years," it said in a note.
Oct 29, 2014 at 11:47 | Source: Moneycontrol.com
Barclays remains underweight on it with a revised price target of Rs 4739, implying potential downside of 20 percent as it expects fundamentals to remain weak. According to the brokerage, Nestle needs a strong pick-up in urban consumption spend to revive growth in its largely urban-focused product portfolio
Oct 28, 2014 at 11:21 | Source: Moneycontrol.com
Macquaire is positive on HUL's medium term growth potential but believes rich valuations will limit the upside in near term. It has a 12-month target of Rs 700 as higher sales volumes growth and improvement in demand scenario may drive the stock.
Oct 28, 2014 at 10:58 | Source: Reuters
Citing rising production and insufficient demand, Goldman Sachs on Sunday cut its forecast for Brent to USD 85 a barrel from USD 100 for the first quarter of 2015 and reduced its projection for US crude to USD 75 from USD 90.
Oct 28, 2014 at 08:27 | Source: CNBC
US shale oil will replace the Organization of the Petroleum Exporting Countries as the first-mover "swing producer," according to a Goldman Sachs report from the weekendmeaning OPEC is losing its power to set global prices for crude.
Oct 28, 2014 at 07:53 | Source: Reuters
Energy shares were by far the day's biggest drag, with the S&P 500 energy index falling 2 percent. US crude oil CLc1 briefly traded below USD 80 a barrel after Goldman Sachs slashed its crude price forecasts, citing abundant supply and lackluster demand.
Oct 27, 2014 at 09:33 | Source: Moneycontrol.com
Citi downgraded the stock to neutral and reduced target price to Rs 625 from Rs 705, stating that deal wins have been strong for several quarters but are yet to translate into revenue growth.
Oct 27, 2014 at 09:23 | Source: Reuters
The bank's analysts expect WTI to fall as low as $70 a barrel and Brent to $80 in the second quarter of 2015, when it expects oversupply to be most pronounced.
Oct 20, 2014 at 11:07 | Source: Moneycontrol.com
Brokerages are positive on the oil & gas sector. Deutsche Bank estimates reforms to drive FY14-17e earnings growth of up to 75 percent and return on equity (RoE) improvement by 200-500bps for state-owned oil companies.
Oct 18, 2014 at 14:02 | Source: Reuters
One factor that could have accelerated the decline was that many US companies were out of the corporate repurchase market as they headed into earnings season.