Here are three stocks that analysts are focussing today
Bank of America Merrill Lynch has upgraded to buy with a target of Rs 1400 per share as risk reward appears favourable. It says recent stock correction appears overdone as new launches across UVs and tractors to support volumes.
Oil & Gas Credit Suisse has raised target for Petronet to Rs 450 and GAIL to Rs 350. It says spot LNG prices could fall from April and stay in USD 5- 6/Mobutu range. It expects oil prices to rise to USD 65/bbl by Q1CY18. It has updated models for higher gas volumes and EPS estimates for Petronet LNG/GAIL increase by 4-10 percent/3 percent Petronet LNG is one of our top picks.
Bank of America Merrill Lynch has upgraded to buy with a target of Rs 1400 per share as risk reward appears favourable. It says recent stock correction appears overdone as new launches across UVs and tractors to support volumes.
Oil & Gas Credit Suisse has raised target for Petronet to Rs 450 and GAIL to Rs 350. It says spot LNG prices could fall from April and stay in USD 5- 6/Mobutu range. It expects oil prices to rise to USD 65/bbl by Q1CY18. It has updated models for higher gas volumes and EPS estimates for Petronet LNG/GAIL increase by 4-10 percent/3 percent Petronet LNG is one of our top picks.
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