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These are Wednesday's biggest brokerage calls: HDFC Bank, ITC and more

Updated : 2020-02-26 08:04:08

Indian shares are expected to open lower on Wednesday, tracking heavy selloffs in global markets after the US issued a warning to Americans to prepare for the possibility of a coronavirus pandemic. Among stocks, Macquarie maintained 'outperform' call on HDFC Bank, while Credit Suisse was 'neutral' on ITC. Here are the top brokerage calls for the day:

 Macquarie on HDFC Bank:  The brokerage maintained 'outperform' rating on the stock with a target price of Rs 1,499 per share. Macquarie said that the recent underperformance is on CEO transition issues.
Macquarie on HDFC Bank: The brokerage maintained 'outperform' rating on the stock with a target price of Rs 1,499 per share. Macquarie said that the recent underperformance is on CEO transition issues.
 Credit Suisse on ITC:  The brokerage gave a 'neutral' rating on the stock with a target at Rs 225 per share. Cigarette price hikes indicated a push on premiumisation, said the brokerage, adding that macro weakness could be the stumbling block.
Credit Suisse on ITC: The brokerage gave a 'neutral' rating on the stock with a target at Rs 225 per share. Cigarette price hikes indicated a push on premiumisation, said the brokerage, adding that macro weakness could be the stumbling block.
 Jefferies on Tata Power:  The brokerage downgraded the stock to 'hold' from 'buy' and cut target to Rs 55 per share from Rs 90 earlier.
Jefferies on Tata Power: The brokerage downgraded the stock to 'hold' from 'buy' and cut target to Rs 55 per share from Rs 90 earlier.
 Motilal Oswal on Gujarat Gas:  The brokerage maintained a 'buy' call on the stock with a target at Rs 340 per share. Jump in LNG prices and open access remained the biggest risks to the rating, the brokerage added.
Motilal Oswal on Gujarat Gas: The brokerage maintained a 'buy' call on the stock with a target at Rs 340 per share. Jump in LNG prices and open access remained the biggest risks to the rating, the brokerage added.
 Jefferies on Graphite Electrode Companies:  The brokerage retained 'buy' call on Graphite India and HEG with target of Rs 335 and Rs 1,420, respectively.
Jefferies on Graphite Electrode Companies: The brokerage retained 'buy' call on Graphite India and HEG with target of Rs 335 and Rs 1,420, respectively.
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