Jefferies Starts Tata Motors (TTM) at Buy
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Price: $25.14 --0%
Rating Summary:
6 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 3
Rating Summary:
6 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 3
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Jefferies initiates coverage on Tata Motors (NYSE: TTM) with a Buy and Rs206 price target.
The firm comments, "We believe the stock is priced for recession. TTMT's balance sheet health and business mix are in a superior position to that at the start of the previous crisis (2008-09). The drastic improvement in JLR's business is underappreciated, in our view. We are positive on the Indian CV business, though we see little hope for its car business."
For more ratings news on Tata Motors click here and for the rating history of Tata Motors click here.
Shares of Tata Motors closed at $14.92 yesterday.
The firm comments, "We believe the stock is priced for recession. TTMT's balance sheet health and business mix are in a superior position to that at the start of the previous crisis (2008-09). The drastic improvement in JLR's business is underappreciated, in our view. We are positive on the Indian CV business, though we see little hope for its car business."
For more ratings news on Tata Motors click here and for the rating history of Tata Motors click here.
Shares of Tata Motors closed at $14.92 yesterday.
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