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    Cadila rebounds but brokerages cut EPS forecast on USFDA warning

    CLSA downgraded the stock to underperform from outperform with reduced target price at Rs 355 (from Rs 473 per share earlier). The brokerage also reduced US business estimates by 17/20 percent for FY17/18 that resulted in cutting EPS expectations by 19 percent for FY17/18.

    first published: Jan 1, 2016 02:03 pm

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