Coal India Price Reaction Post Foreign Brokerage Cuts Target Price

Coal India 5minute Charts

Coal India on Wednesday trading tumbled more than 4.4% post the foreign brokers like CLSA, Morgan Stanley & Credit Suisse cuts the target price.

CLSA has cut the target price for the stock to Rs 260 from Rs 280 earlier while maintaining a ‘sell’ rating on the scrip

Morgan Stanley has maintained an underweight rating on the stock with a target of Rs 268.

Credit Suisse has maintained an ‘outperform’ rating on the stock, but has cut target price to Rs 370 from Rs 385 earlier.

News Source : Economic Times

0 comments… add one

Leave a Comment