Brokerage Firms Nomura and Morgan Stanley Provide Recommendations on Stocks

Brokerage Firms Nomura and Morgan Stanley Provide Recommendations on Stocks

Brokerage firm Nomura has downgraded Crompton Greaves Consumer Electrical to neutral from buy, citing a 1Q margins miss. Going forward, investments are expected to drive growth, but this may keep margins low. Meanwhile, Morgan Stanley maintained an underweight rating on Indiabulls Housing but raised the target price. They also continued to have an overweight rating on ITC, as the company reported strong earnings. ICICI Securities has maintained a buy rating on PVR Inox, as the company achieved record admissions and box office revenue. These recommendations from top brokerage firms provide insights into the stock market and investment strategies.

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