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Friday's top brokerage calls: Cummins, Pidilite Industries and more

Updated : 2020-06-19 09:11:48

Among the top brokerage calls for the day, Nomura and Jefferies remain bearish on Cummins post March quarter earnings while CLSA has 'outperform' call on Pidilite Industries. Here are the other top calls for the day:

 Nomura on Cummins:  The brokerage has a 'reduce' call on the stock but has cut the target to Rs 343 per share from Rs 358 earlier. It also cut FY21/22 EPS estimate by 6 percent/4 percent.
Nomura on Cummins: The brokerage has a 'reduce' call on the stock but has cut the target to Rs 343 per share from Rs 358 earlier. It also cut FY21/22 EPS estimate by 6 percent/4 percent.
 Jefferies on Cummins:  The brokerage has an 'underperform' call on the stock with a target at Rs 320 per share. It believes further de-rating is on the cards as medium-term RoE is seen dropping below 15-16 percent.
Jefferies on Cummins: The brokerage has an 'underperform' call on the stock with a target at Rs 320 per share. It believes further de-rating is on the cards as medium-term RoE is seen dropping below 15-16 percent.
 CLSA on Pidilite Industries:  The brokerage maintained 'outperform' rating on the stock with a target at Rs 1,490 per share. Valuations leave little room for further upside, it added.
CLSA on Pidilite Industries: The brokerage maintained 'outperform' rating on the stock with a target at Rs 1,490 per share. Valuations leave little room for further upside, it added.
 Credit Suisse on Pidilite:  The brokerage maintained 'underperform' call on the stock with a target at Rs 1,100 per share. It expects demand recovery to be slow but assumes normalisation of demand Q3 onwards.
Credit Suisse on Pidilite: The brokerage maintained 'underperform' call on the stock with a target at Rs 1,100 per share. It expects demand recovery to be slow but assumes normalisation of demand Q3 onwards.
 Jefferies on HUL:  The brokerage has a 'buy' call on the stock with a target at Rs 2,525. Change in mix may impact short-term margin, the brokerage added.
Jefferies on HUL: The brokerage has a 'buy' call on the stock with a target at Rs 2,525. Change in mix may impact short-term margin, the brokerage added.
 CLSA on Embassy REIT:  The brokerage initiates coverage with an 'outperform' call with a target at Rs 415 per share. It has a high-quality portfolio and a presence in high growth markets, the brokerage noted.
CLSA on Embassy REIT: The brokerage initiates coverage with an 'outperform' call with a target at Rs 415 per share. It has a high-quality portfolio and a presence in high growth markets, the brokerage noted.
 CLSA on IT Services:  Revival in deal activity is a positive, said CLSA, adding that pricing risk is still on the horizon. Infosys and HCL Tech are its top stock picks for the space.
CLSA on IT Services: Revival in deal activity is a positive, said CLSA, adding that pricing risk is still on the horizon. Infosys and HCL Tech are its top stock picks for the space.
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