BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Morgan Stanley Upgrades ITC to Overweight
Morgan Stanley has upgraded ITC to 'overweight' for target price of Rs 400 per share. Morgan Stanley says that ITC gives the best risk-reward in Indian consumer staples and has been a strong consensus buy. However, it adds that ITC's valuations and earnings expectations are relatively benign and sharp decline in cigarette volumes is a concern.