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Top brokerage calls for June 27: Credit Suisse remains bullish on Dabur, Deutsche Bank cuts price target for Colgate

Updated : 2019-06-27 08:20:17

Indian shares are set to open little changed on Thursday in line with muted trades in the global markets. Asian shares struggled to find directors after US President Donald Trump gave mixed signals on US-China trade negotiations. On Wednesday, the benchmark indices ended higher driven by gains in metal, power and financial stocks ahead of June derivatives expiry. Among brokerages, Credit Suisse maintained 'outperform' on Dabur, Citi is bullish on Jubilant Foodworks. Deutsche Bank remained positive on Colgate but cut its target price. Here are the other top brokerage calls for Thursday:

<strong>Credit Suisse on Dabur:</strong> The brokerage maintained 'outperform' call on the stock with a target price of Rs 460 per share. The brokerage said that the company is progressing on medium-term plans, however, near-term macro slowdown persists.
Credit Suisse on Dabur: The brokerage maintained 'outperform' call on the stock with a target price of Rs 460 per share. The brokerage said that the company is progressing on medium-term plans, however, near-term macro slowdown persists.
<strong>Citi on Jubilant FoodWorks:</strong> The brokerage was bullish on the stock with a target of Rs 1,430 per share. It added that price hikes could provide some support to overall same-store sales from the second quarter of FY20.
Citi on Jubilant FoodWorks: The brokerage was bullish on the stock with a target of Rs 1,430 per share. It added that price hikes could provide some support to overall same-store sales from the second quarter of FY20.
<strong>Macquarie on Cholamandalam Financial Holdings:</strong> The brokerage was positive on the stock with a target at Rs 300 per share. It added that the company is comfortably placed for growth despite the NBFC crisis as it faces no issue from banks on the funding front.
Macquarie on Cholamandalam Financial Holdings: The brokerage was positive on the stock with a target at Rs 300 per share. It added that the company is comfortably placed for growth despite the NBFC crisis as it faces no issue from banks on the funding front.
<strong>Deutsche Bank on Colgate:</strong> The brokerage has a 'buy' rating on the stock but cut its target price to Rs 1,400 per share from Rs 1,500 earlier. Despite the competitive intensity, the company is assertive in retaining toothpaste market share, it added.
Deutsche Bank on Colgate: The brokerage has a 'buy' rating on the stock but cut its target price to Rs 1,400 per share from Rs 1,500 earlier. Despite the competitive intensity, the company is assertive in retaining toothpaste market share, it added.
<strong>Kotak Institutional Equities on TCS:</strong> The brokerage has a 'reduce' call on the stock with a target price at Rs 1,940 per share. It added that expensive calculations constrain the brokerage from taking a constructive view.
Kotak Institutional Equities on TCS: The brokerage has a 'reduce' call on the stock with a target price at Rs 1,940 per share. It added that expensive calculations constrain the brokerage from taking a constructive view.
<strong>Macquarie on Shriram Transport Finance:</strong> The brokerage maintained 'outperform' call on the stock and raised its target to Rs 1,325 per share from Rs 1,265 earlier.
Macquarie on Shriram Transport Finance: The brokerage maintained 'outperform' call on the stock and raised its target to Rs 1,325 per share from Rs 1,265 earlier.
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