Steel sector
CLSA upgrades Tata Steel to buy from sell with target price of Rs 500.
Upgrades JSW Steel to buy from sell with target price at Rs 2400 per share. It says demand-supply balance poised to enter multi-year tightening phase post FY18, sees sharp rise in steel imports & prices FY19 onwards.
Auto sector Credit Suisse assumes coverage on Bosch with outperform with target of Rs 24500 per share.
Credit Suisse assumes coverage on Eicher Motors with neutral call with target of Rs 24500 per share.
Credit Suisse has outperform rating on Maruti with target at Rs 6000 per share.
Credit Suisse has neutral rating on M&M ; target at Rs 1400 per share
Credit Suisse has outperform neutral rating on Tata Motors , target at Rs 510/ per share
Credit Suisse has underperform rating on Ashok Leyland , target at Rs 77 per share
Credit Suisse has underperform rating on Hero Motocorp ; target at Rs 2,840 per share
Credit Suisse has underperform rating on TVS Motor ; target at Rs 250 per share
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