BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Bank of America Merrill Lynch
|Target Hit|| Long (1Y)
Bank of America Merrill Lynch downgrades Glenmark to underperform
Valuations seem demanding after a sharp rally. Expect US growth to pick-up from FY16 onwards. Ramp-up in US business is key for margins. See limited re-rating potential from here.