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Top brokerage calls for July 18: Nomura, Credit Suisse cut price targets for YES Bank; Kotak bearish on Mindtree

Updated : 2019-07-18 08:10:51

Indian shares are set to open lower on Thursday, tracking weak Asian markets, as concerns over the US-China trade war are likely to weigh on investors' risk appetite. Trading will also be cautious amid the ongoing first-quarter earnings season. Among brokerages, Credit Suisse and Nomura remain 'neutral' on YES Bank but cut its target price, while Jefferies maintains 'underperform raring. Citi and Jefferies remain bearish on Wipro. Here are the top brokerage calls for Thursday:

<strong>Credit Suisse on YES Bank:</strong> The brokerage maintains 'neutral' call on the stock and cut its target to Rs 94 per share from Rs 205 earlier; says the drop in CASA deposits highlights pressing recapitalisation needs.
Credit Suisse on YES Bank: The brokerage maintains 'neutral' call on the stock and cut its target to Rs 94 per share from Rs 205 earlier; says the drop in CASA deposits highlights pressing recapitalisation needs.
<strong>Jefferies on YES Bank:</strong> The brokerage maintains 'underperform' rating, says Q1 far worse than anticipated. The Management assured capital infusion in Q2, but the optics ate too unsettling, it adds.
Jefferies on YES Bank: The brokerage maintains 'underperform' rating, says Q1 far worse than anticipated. The Management assured capital infusion in Q2, but the optics ate too unsettling, it adds.
<strong>Nomura on YES Bank:</strong> The brokerage is 'neutral' on the stock and reduced its target to Rs 110 per share from Rs 230 earlier. It says the path to recovery could be challenging and near-term capital raise to be critical.
Nomura on YES Bank: The brokerage is 'neutral' on the stock and reduced its target to Rs 110 per share from Rs 230 earlier. It says the path to recovery could be challenging and near-term capital raise to be critical.
<strong>Jefferies on Wipro:</strong> The brokerage maintains 'underperform' on the stock and cut its target to Rs 225 per share from Rs 245 earlier. It expects the growth underperformance to continue.
Jefferies on Wipro: The brokerage maintains 'underperform' on the stock and cut its target to Rs 225 per share from Rs 245 earlier. It expects the growth underperformance to continue.
<strong>Nomura on Wipro:</strong> The brokerage has a 'reduce' call on the stock with target slashed to Rs 225 per share from Rs 260 earlier. It sees no signs of a turnaround and says unlikely to achieve FY20 guidance of revenue growth.
Nomura on Wipro: The brokerage has a 'reduce' call on the stock with target slashed to Rs 225 per share from Rs 260 earlier. It sees no signs of a turnaround and says unlikely to achieve FY20 guidance of revenue growth.
<strong>Kotal Institutional Equities on MindTree:</strong> The brokerage maintains 'reduce' call on the bank with target cut to Rs 725 per share. It says the company's revenue growth can recover, provided attrition is contained.
Kotal Institutional Equities on MindTree: The brokerage maintains 'reduce' call on the bank with target cut to Rs 725 per share. It says the company's revenue growth can recover, provided attrition is contained.
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