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Friday's top brokerage calls: Prestige Estates, HUL and more

Updated : 2020-06-26 08:59:34

Among brokerage calls for the day, CLSA downgraded Prestige Estates to 'outperform' while Jefferies is bullish on HUL. Here are today's top brokerage calls:

 Jefferies on Prestige Estates:  The brokerage maintained a 'buy' call on the stock with the target raised to Rs 277 per share from Rs 246 earlier. It also increased the sales forecast for the firm for FY21-22 by 10 percent.
Jefferies on Prestige Estates: The brokerage maintained a 'buy' call on the stock with the target raised to Rs 277 per share from Rs 246 earlier. It also increased the sales forecast for the firm for FY21-22 by 10 percent.
 CLSA on Prestige Estates:  The brokerage downgraded the stock to 'outperform' from 'buy' on rising debt amid a slowing economy. However, it raised the target price on increased pre-sales estimates.
CLSA on Prestige Estates: The brokerage downgraded the stock to 'outperform' from 'buy' on rising debt amid a slowing economy. However, it raised the target price on increased pre-sales estimates.
 Jefferies on HUL:  The brokerage maintained 'buy' call on the stock with a target at Rs 2,525. It added that Fair & Lovely contributes 10 percent to the company’s profits and brand change entails some uncertainty from a business prospect.
Jefferies on HUL: The brokerage maintained 'buy' call on the stock with a target at Rs 2,525. It added that Fair & Lovely contributes 10 percent to the company’s profits and brand change entails some uncertainty from a business prospect.
 Nomura on Apollo Hospitals:  The brokerage has a 'buy' call on the stock with a target at Rs 2,100. The company's business revenue was negatively impacted by Rs 70 crore on lower footfalls, it added.
Nomura on Apollo Hospitals: The brokerage has a 'buy' call on the stock with a target at Rs 2,100. The company's business revenue was negatively impacted by Rs 70 crore on lower footfalls, it added.
 Morgan Stanley on IT:  Accenture's Q3 revenue ahead of estimates on continued growth in bookings, said the brokerage. It added that the company's expectations of stronger bookings in Q4 bode well for Indian IT.
Morgan Stanley on IT: Accenture's Q3 revenue ahead of estimates on continued growth in bookings, said the brokerage. It added that the company's expectations of stronger bookings in Q4 bode well for Indian IT.
 CLSA on IT Services:  Accenture’s management’s commentary was assuring and the constant currency revenue growth is within guided range, marginally ahead of consensus, the brokerage noted. It added that the company indicates an improving operating environment and a strong deal pipeline.
CLSA on IT Services: Accenture’s management’s commentary was assuring and the constant currency revenue growth is within guided range, marginally ahead of consensus, the brokerage noted. It added that the company indicates an improving operating environment and a strong deal pipeline.
 Credit Suisse on TTK Prestige:  The brokerage upgraded the stock to 'neutral' with a target at Rs 5,400. It added that the company is well-positioned in a post-COVID world as the leading 'kitchen' player.
Credit Suisse on TTK Prestige: The brokerage upgraded the stock to 'neutral' with a target at Rs 5,400. It added that the company is well-positioned in a post-COVID world as the leading 'kitchen' player.
 CLSA on IOC:  The brokerage maintained 'sell' call on the stock with a target at Rs 65 per share. PBT loss of 24 percent over forecast due to high inventory losses, weak global oil demand keeps the refining outlook subdued, it added.
CLSA on IOC: The brokerage maintained 'sell' call on the stock with a target at Rs 65 per share. PBT loss of 24 percent over forecast due to high inventory losses, weak global oil demand keeps the refining outlook subdued, it added.
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