BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Deutsche Bank downgrades Lupin to hold
Deutsche Bank downgrades Lupin to 'hold' for target price of Rs 1,666 per share. It says increased R&D spends to dent earnings and has cut EPS estimates by 13.5% for FY'17 and by 9.9% for FY'18. It adds that resolution of Goa 483s to remains key to monitor as 483s at Goa could impact product approvals. Delay in resolving Goa 483s a concern could see lower than expected sales growth in India and delays in approvals in the US is a risk.