EICHERMOT(Eicher Motors Limited)
01.12.2022 - Kotak Instl on Eichermot Maintain Sell CMP 3354 Target 2800
11.11.2022 - CLSA on Eichermot Maintain Buy CMP 3519 Target 4511
11.11.2022 - MS on Eichermot Maintain Equal-Weight CMP 3519 Target 4065
30.08.2022 - BOFA on Eichermot Maintain Buy CMP 3360 Target 3900
23.08.2022 - CLSA on Eichermot Maintain Buy CMP 3470 Target 4154
11.08.2022 - Jefferies on Eichermot Maintain Buy CMP 3177 Target 3700
11.08.2022 - Nomura on Eichermot Maintain Neutral CMP 3177 Target 3094
11.08.2022 - CLSA on Eichermot Maintain Buy CMP 3177 Target 3763
16.05.2022 - CLSA on Eichermot Maintain Buy CMP 2626 Target 3089
17.02.2022 - UBS on Eichermotors Maintain Buy CMP 2706 Target 3300
15.02.2022 - CLSA on EICHERMOT Maintain Buy CMP 2570 Target 3300
CREDIT SUISSE ON EICHER MOTORS : 31.05.2021
* Maintain Outperform, Target at Rs 3,230/share
* Strong new model cycle and possible further strength in exports
* Eicher is driven by expectation of a volume growth ramp up
* See a potential for a further pick up in exports; Find valuations attractive vis-à-vis growth with FY23 P/E
JEFFERIES ON EICHER MOTORS : 28.05.2021
* MAINTAIN BUY TARGET: 3,250
* Jefferies maintains Buy rating on Eicher Motors, but reduces FY22/FY23 EPS estimates by 13%/3%
• Co Expects All-round Sales Growth In FY22
* Positive Op Leverage & Growth Rebound Should Help Margin
* Specialty Ramp-up, Strong B/S & Halol Remediation Key Drivers
CLSA ON EICHER MOTORS : 28.05.2021
* MAINTAIN UNDERPERFORM : , TARGET: 2,600
* CLSA has an Underperform call on Eicher, but raises FY22-23 EPS forecasts by 2%
* Outperformed Peers On Volumes In 4Q After 2 Yrs
* Outperformance May Continue In FY22
* Valuation Premium Leaves Little Upside Potential
* Raise FY22-23 EPS Forecasts By 2%
MORGAN STANLEY ON EICHER MOTORS : 28.05.2021
* Maintain Overweight, Target at Rs 3198/share
* Q4 adjusted EBITDA of was a tad higher than estimate
* Company guided for a year of its most new model launches ever
* Order book remains strong, and further potential benefits of digitization
MS ON EICHER MOTORS : 28.05.2021
* MAINTAIN OVERWEIGHT TARGET: 3,198
*MS has an Overweight call on Eicher Motors due to potential benefits of digitisation & value engineering
* Adjusted EBITDA Of *670 Cr A Tad Higher Than Our Estimate
* Orderbook Remains Strong
• Potential Benefits Of Digitisation & Value Engineering Keep Us OW