Morgan Stanley downgraded Suzlon Energy's rating from "overweight" to "equal weight".
Suzlon Energy's shares fell 2% after Morgan Stanley downgraded its rating from "overweight" to "equal weight," while raising the price target from Rs 73 to Rs 88. The stock has doubled in the last six months, driven by strong order growth and improved finances. Morgan Stanley anticipates significant future orders in the renewable sector but notes potential execution risks. The firm seeks better performance before reassessing its outlook on Suzlon.
September 27, 2024
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