Tag: Downgrades
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Nomura Downgrades Kaynes Tech Goal Amid Good Meter Challenges, Retains ‘Purchase’ Ranking
World brokerage Nomura has made a downward revision on its goal for Kaynes Expertise to ₹5,455, from ₹8,478 earlier, even because it maintained a ‘Purchase’ ranking, citing progress realignment and execution points within the smart-meter section, in addition to elevated working capital. The brand new goal relies on 35x FY28F earnings per share (EPS), on…
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Tesla Shares Fall After Morgan Stanley Downgrades Valuation
Morgan Stanley’s latest Tesla (TSLA) analyst downgraded the financial institution’s ranking on the inventory, a reversal from a previous bullish place. Andrew Percoco downgraded Tesla to Equal-weight from Obese upon resuming protection of Tesla after prior analyst Adam Jonas shifted to a unique function at Morgan Stanley. Apparently, Percoco upped the agency’s Tesla value goal…