Moneycontrol
Jan 24, 2013 09:44 AM IST | Source: Reuters

UBS cuts Tata Motors FY 2013, 2014 forecasts

UBS cut Tata Motors' fiscal 2013 and 2014 earnings-per-share estimates by 6 percent after the automaker warned its luxury unit Jaguar Land Rover is likely to report a lower EBITDA margin in the October-December quarter.

UBS cuts Tata Motors FY 2013, 2014 forecasts

UBS cut Tata Motors' fiscal 2013 and 2014 earnings-per-share estimates by 6 percent after the automaker warned its luxury unit Jaguar Land Rover is likely to report a lower EBITDA margin in the October-December quarter.

UBS maintained its "sell" rating after the Tata announcement on Wednesday, citing "expensive" valuations, although the investment bank raised its price target to Rs 255 from Rs 250 as it rolls forward the target by six months.

Sections
Follow us on
Available On