Wednesday’s top brokerage calls: ITC, Gujarat Gas and more – CNBCTV18

JPMorgan on ITC: The brokerage is ‘neutral’ on the stock with a target at Rs 225 per share. It said that Q4 EBITDA was in line with estimates boosted by agriculture space while cigarette growth was underwhelming. FMCG was also in line, it added.

UBS on ITC: The brokerage maintains a ‘buy’ call on the stock with a target at Rs 260 per share. It noted that cigarette volumes recovered to pre-COVID levels in Q4 and FMCG ramp-up also continued.

Morgan Stanley on ITC: The brokerage is ‘overweight’ on the stock with a target at Rs 251 per share. It said that earnings were in-line with estimates while revenue growth was ahead.

CLSA on ITC: The brokerage maintains a ‘buy’ call on the stock with a target at Rs 265 per share. It cut earnings estimates for its cigarette business by 3 percent.

Goldman Sachs on ITC: The brokerage has a ‘buy’ call on the stock with a target at Rs 242 per share. It noted that valuation does not fully reflect a combination of yield and growth period.

CLSA on Gujarat Gas: The brokerage downgraded the stock to ‘outperform’ from ‘buy’ as it finds limited margin and valuation tailwinds going forward. It has a target of Rs 570 per share.

Macquarie on Gujarat Gas: The brokerage has a ‘neutral’ call on the stock with a target at Rs 500 per share. It said that Q4 was led by a slightly higher volume and better than expected margin.

Nomura on Aegis Logistics: The brokerage has a ‘buy’ call on the stock with a target at Rs 570 per share. It said that the company has a simple yet robust business model with strong growth prospects.