Wednesday's top brokerage calls: Zee, Abbott India and more

SUMMARY

Among brokerages, Morgan Stanley and Macquarie are bullish on Zee despite weak June-quarter numbers while CLSA has a 'buy' call on Abbott India. Here are the top brokerage calls for today:

By CNBCTV18.comAug 19, 2020 9:16:00 AM IST (Published)

Morgan Stanley on Zee: The brokerage maintained an 'equal-weight' call on the stock with the target raised to Rs 150 per share from Rs 135 earlier. It added that the company's ad and subscription revenues were mostly in line with estimates.

Macquarie on Zee: The brokerage maintained an 'outperform' call on the stock with a target at Rs 250 per share. It raised FY21-23 EPS estimated by 3-5 percent.

CLSA on Zee: The brokerage retained a 'buy' call on the stock with a target at Rs 255 per share. It noted that the company's improved disclosures, TV viewership jump, and ad growth will return in H2.

CLSA on Abbott India: The brokerage reiterated a 'buy' rating on the stock with the target at Rs 20,000 per share. It added that focus on innovative models should enable the company to continue growing ahead of peers.

Jefferies India strategy: Jefferies said that its eco indicator improved to 86 percent of the pre-COVID level after 5 weeks of nearly flattish trends. Maruti, DLF, Godrej Properties, Havells, and Voltas are the brokerage's preferred urban plays.