Whalesbook
Leading brokerage firms Jefferies, Kotak Institutional Equities, Morgan Stanley, Nomura, and CLSA have issued updated ratings and price targets for several key stocks. Jefferies maintains an 'underperform' on Tata Motors, citing JLR's cyberattack impact and ongoing headwinds. Conversely, Kotak recommends 'buy' for GMR Airports, raising its target on strong non-aero growth. Morgan Stanley is 'overweight' on Hero MotoCorp, highlighting market share recovery and attractive valuations, while CLSA maintains a high conviction 'outperform' on Apollo Tyres due to margin expansion and volume growth. Nomura suggests 'buy' for LG Electronics, citing premiumization trends.