Brokerage views on Tata Motors, Cairn India, TTK prestige, Opto Circuits

1) Tata Motors Ltd: Morgan Stanley has an 'equal weight' rating on Tata Motors with a target of Rs 240. The July JLR sales came in lower than estimates and the rating reflects concerns about the luxury pricing environment and limited room for upside from current levels.

2) Cairn India Ltd: Credit Suisse has a 'neutral' rating on Cairn India with a target of Rs 365. The Brent prices have seen 30 per cent upmove since its lows from June and the stock price is up only 4 per cent in the short-term; this could lead to some catch up trade. And any catalyst that improves operational outlook may also aid the stock price.

3) TTK Prestige: UBS has downgraded TTK Prestige to 'neutral' from 'buy' with a target of Rs 4,100. The management has indicated slowdown concerns in the brown goods segment. The stock has also outperformed the Sensex by 16 per cent in last 3 months and the research house is of the view that the risk reward is not favourable currently

4) Opto Circuits: Bank of America Merrill Lynch has a 'buy' on Opto Circuit with a target of Rs 200. The investment bank is of the view that the company is taking steps to improve its earnings quality, which could help it to get a better credit rating and address long-standing investor demand for stronger cash flow.

Opto Circuits was substantially de-rated despite a strong earnings beat in Q1FY13, owing to negative comments by credit rating agency ICRA in its Aug2012 note.