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Dr. Reddy's Laboratories reported its highest-ever quarterly revenue in Q2, yet brokerages maintain a neutral stance due to a lack of a strong drug pipeline. Despite increased R&D spending on biosimilars and generics, firms like Nuvama and Jefferies express concerns over the absence of major product launches, leading to reduced stock ratings and target prices of Rs 1,215 and Rs 1,130, respectively.
GAIL India’s stock surged 60% over the past year, outperforming the Nifty's 23% rise, following positive Q2 earnings. Morgan Stanley maintains an 'Overweight' rating with a target of Rs 258, citing strong RoE and growth catalysts, while Jefferies upgraded to 'Buy' with a target of Rs 240, highlighting a 7% YoY EBITDA increase and expanding market share from new pipeline projects.
UBS is grappling with challenges following its takeover of Credit Suisse, with shares trading between 23 to 29 SFR this year. Despite a decline in income from US$ 12.7 billion to US$ 11.9 billion, CEO Sergio P. Ermotti remains optimistic about achieving financial targets and plans to save US$ 13 billion by 2026. Analysts' views on UBS shares vary significantly, with Jefferies setting a target of SFR 22, while Goldman Sachs is more bullish at SFR 35.50, highlighting the uncertainty surrounding the bank's future.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
brokerages maintain neutral stance on dr reddys labs amid pipeline concerns
04:09 06.11.2024
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