Morgan Stanley has adjusted its target for Prestige Estate due to a cautious outlook on the real estate sector. Conversely, Bernstein has identified a potential upcycle in IT services, indicating optimism for growth in this field.
Nomura has downgraded LTIMindtree to a Reduce rating with a target price of ₹5,140 per share. The company's goal of achieving $10 billion in revenue by the fiscal year 2031-32, along with a strategic shift towards artificial intelligence, is emphasized. Nomura highlights the importance of double-digit growth to maintain an EBIT margin band of 17-18%.
On the other hand, Morgan Stanley maintains an Overweight rating on LTIMindtree, with a target price of ₹7,050 per share. The firm acknowledges that while discretionary spending is challenging, the company's sales engine is gaining momentum, supported by a strong deal pipeline and the acquisition of new clients.