- Morgan Stanley analyst Binay Singh upgraded Tata Motors Ltd TTM to Overweight from Equal Weight with an INR 448 price target.
- The analyst believes the next two years will be "strong" for the Indian auto sector and in particular Tata given its cost structure and refreshed models.
- Singh noted Tata will see the highest operating and financial leverage gains along with market share wins as its overall business recovers.
- Price Action: TTM shares are trading higher by 15.1% at $25.71 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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