Friday's top brokerage calls: Bharti Infratel, L&T and more

SUMMARY

The Indian market is likely to open lower on Friday in line with Asian peers after reports of no success in potential coronavirus treatment. Among brokerages, Jefferies is bearish on Bharti Infratel post results, while CLSA raised the target price for the stock. Here are the top brokerage calls for today:

By CNBCTV18.comApr 24, 2020 9:02:32 AM IST (Published)

Jefferies on Bharti Infratel: The brokerage has an 'underperform' rating on the stock with target cut to Rs 130 per share from Rs 140 earlier. Q4 results disappointed with revenue, EBITDA, and profit missing estimates.

CLSA on Bharti Infratel: The brokerage has a 'buy' call on the stock with target raised to Rs 207 per share from Rs 195 earlier. It added that a review of merger terms with Indus would be positive.

Morgan Stanley on Bharti Infratel: The brokerage is 'underweight' on the stock with a target at Rs 175 per share.

CLSA on L&T: As per the brokerage, the company has a credible strategy to improve both growth and RoE. Order wins of Rs 28,100 crore in 6 weeks amid weak investment sentiment is commendable, it added.

Credit Suisse on GAIL: The brokerage has an 'underperform' rating on the stock with a target at Rs 74 per share. It added that gas transmission is the key profitability driver.

CLSA on DLF: The brokerage reiterates 'buy' rating on the stock with a target at Rs 180 per share. Strong rental portfolio and ready inventory are key advantages, CLSA noted.

Morgan Stanley on L&T: The brokerage maintains 'overweight' call on the stock and raised the target to Rs 1,117 per share from Rs 941 earlier. It said that the company's dominance is set to increase and the near-term concerns are priced in.

Credit Suisse on Bharti Infratel: The brokerage maintains 'underperform' call on the stock with a target at Rs 120 per share. There will be uncertainty on consummation of the Indus Tower merger, it added.