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May 30, 2012, 02.13 PM IST

UBS cuts Tata Motors target price after earnings

UBS cut its 12-month price target for Tata Motors to 270 rupees from 320 rupees, maintaining its "sell" rating after the auto maker's weaker-than-expected operating earnings.

Source: Reuters
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UBS cuts Tata Motors target price after earnings
UBS cut its 12-month price target for Tata Motors to Rs 270 from Rs 320, maintaining its "sell" rating after the auto maker's weaker-than-expected operating earnings.


UBS believes volume growth for unit Jaguar Land Rover could "incrementally disappoint."


Bank adds domestic sales growth remains at risk due to India's weak economic outlook and increasing competition.


Shares last down 8.3% at Rs 253.


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