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Research Report Detail
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Deutsche Bank maintains hold on Tata Motors
Deutsche Bank has maintained its 'hold' rating on Tata Motors and upgraded its target price to Rs 325 per share. It says weakening pound sterling is positive for Tata Motors and Tata Motors has a net long exposure to the pound sterling. Deutsche Bank has increased FY'17/18 EBITDA and EPS forecast by 7-10 per cent and target for Tata Motors is based on 3.6 times FY17 estimated EV/EBITDA.