Ways2Capital Reviews : Broker Radar For June 14

Credit Suisse on Westlife Development Investor Conference:
  • Company targets doubling revenue and margins over the fiscal 2018-2022.
  • McCafe and Delivery to drive aggressive growth plans over the fiscal 2018-2022.
  • Store expansion to accelerate mostly in existing cities.
  • Margin expansion driven by SSSG leverage and gross margins.
  • Overall momentum for QSR industry intact.
Investec on BSE:
  • Maintained ‘Buy’ with a price target of Rs1,270.
  • Several levers to support revenue momentum.
  • Investments in last few years to contribute meaningfully in the current and the next financial year.
  • Cut core EBITDA estimates for 2018-19 by 4% to factor in higher expenses.
UBS on Infosys:
  • Maintained ‘Buy’ with a price target of Rs1,335.
  • Management commentary suggests growing confidence in margin outlook.
  • US hiring less expensive than expected, pricing commentary stable.
  • Pace of investments could recede post 2018, helping earnings momentum.
CLSA on ICICI Securities:
  • Initiated ‘Buy’ with a price target of Rs520; implying a potential upside of 46% from the last regular trade.
  • Benefits from financialisation of household savings and parent’s brand and reach.
  • Distribution and margin financing will drive revenue expansion.
  • Expect revenue and net profit to compound at 17% and 21% respectively over the fiscal 2018-2021.
  • Dividend yield one of the highest among Nifty companies.
  • ICICI Sec trades at discount to global peers.

(Source: Media Reports)
 
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