We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on Zomato: Underperform| Target Rs 96Macquarie maintained an underperform rating on Zomato with a target price of Rs 96. The competitive intensity is rising. Multiple incumbent e-commerce platforms have announced renewed ambitions in Qcom. The global investment bank … Read more
A host of similarities between tech stocks now and previous bubbles suggest the Magnificent Seven is nearing — but not yet at — levels that may lead it to pop, according to Bank of America Corp. strategists. They cite a handful of indicators, such as bond yields, valuations and price action, that suggest there are … Read more
Brokerage firm Macquarie maintained a neutral rating on Paytm, BofA Securities recommended a neutral rating on Sun Pharma, and Elara Capital maintained an accumulate rating on KEC International and M&M Financial Services. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on Paytm: Neutral| Target Rs 650 … Read more
Mumbai: Larsen & Toubro, the $23-billion engineering to information technology conglomerate, has introduced environmental, social and governance (ESG) goals into the remaining tenure of one of its loans from Bank of America (BofA), essentially agreeing to pay a higher rate in case it does not meet its water usage and greenhouse gas emission targets in … Read more
BofA Global Research said it now expected two more quarter percentage point interest rate hikes from the U.S. Federal Reserve this year, taking its terminal rate forecast to 5.5% to 5.75%. BofA earlier expected the terminal rate to be held at the current 5%-5.25% range, but the change in forecast comes after the Fed kept … Read more
Cash is king, with investors fleeing to the safety of cash funds at the fastest pace since the coronavirus pandemic as the Federal Reserve remains firmly hawkish, according to strategists at Bank of America Corp. The asset class had inflows of $62.1 billion in the week through November 2, according to a note from the … Read more
Mumbai: Bank of America Securities has upgraded to ‘buy’ from ‘neutral’ and raised the target price to ₹3,000 from ₹2,700 on expectations of a strong rebound in volumes in the ongoing financial year. Shares of Hero MotoCorp ended up 6% at ₹2,674.10 on Thursday. The financial services firm has based its estimate on improving two-wheeler … Read more
US 10-year Treasury yields could rise to 2.15% by year-end, BofA said on Friday, in a target it said was above consensus. BofA revised up its target citing a “much more aggressive” US fiscal stimulus impulse and rapid vaccinations in the United States. The bank also revised up its target for German 10-year Bund yields, … Read more