Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessCompaniesMorgan Stanley cuts Tata Motors target price to Rs 1,324

    Morgan Stanley cuts Tata Motors target price to Rs 1,324

    Morgan Stanley cuts Tata Motors target price to 1,324 rupees

    May 27, 2011 / 11:38 IST
       
       
      26 Aug, 2025 12:21
      Volume
      Todays L/H
      More

      Morgan Stanley has cut the price target for Indian automaker Tata Motors to Rs 1,324 from Rs 1,345 but maintained its "overweight" rating on the stock based on its conservative domestic sales expectations.

      Also read: Tulsian's call on Tata Motors


      The US investment bank said in a note on Thursday Tata Motors, which has a dominant domestic franchise in commercial vehicles, might face a slower growth environment.


      However, Morgan Stanley raised its earnings per share estimates for Tata Motors by 13% and 12% for FY12 and FY13 respectively on growth in its UK-based Jaguar Land Rover sales.

      first published: May 26, 2011 03:05 pm

      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!

      Subscribe to Tech Newsletters

      • On Saturdays

        Find the best of Al News in one place, specially curated for you every weekend.

      • Daily-Weekdays

        Stay on top of the latest tech trends and biggest startup news.

      Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347