Moneycontrol BureauHere are five stocks that brokerage firms are watching outZee EntertainmentBank of America Merrill Lynch maintains buy rating with a target of Rs 625 per share thinking that it will have no impact on redemption of redeemable preference share. JP Morgan is neutral on the stock with target at Rs 550 per share as strategic move will add to company’s offerings in Hindi GEC space. ICICI Securities has a add rating with a target cut to Rs 524 from Rs 550 per share as any unfavourable regulatory development is a risk. Macquarie maintains outperform rating with target at Rs 635 per share as tax benefit would comprise 90 percent of the acquisition value. Morgan Stanley has an equal-weight rating with target at Rs 525 per share.
Apollo HospitalsCLSA has maintained buy rating given company’s strong positioning but reduced target to Rs 1510 from Rs 1640 per share. It expects lower occupancies for the next two months. Note ban and new biz losses lead to 9-27 percent earnings per share (EPS) cut for FY17-19.
SAILCiti has a sell rating on the stock with target at Rs 30 per share as domestic supply pressures and demonetisation could hurt margin. It expects SAIL to report a loss in FY17/ FY18 versus profit earlier.
CiplaNomura on buy rating on the stock, target at `605/sh
SiemensJP Morgan is underweight rating with target at Rs 1000 per share as it has underperformed Sensex by 13 perecnt over the last year.
Deutsche Bank has sell rating with target at Rs 1050 per share. It forecasts 36 percent EPS growth in FY17.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
