JPMorgan cuts target price on Hero Honda
JPMorgan on Friday cut its share price target for India's Hero Honda to 1,845 rupees by next March from 1,915 rupees, following disappointing quarterly results.
By PTI |
MUMBAI: JPMorgan on Friday cut its share price target for India's Hero Honda to 1,845 rupees by next March from 1,915 rupees, following disappointing quarterly results.
"We reiterate our UW (underweight) stance on the company given rising competitive intensity and moderating margins," the brokerage said in a note.
Top motorcycle maker Hero Honda posted a 1.6 per cent fall in quarterly net profit, its first decline in 11 quarters, and analysts said margins would remain under pressure in the current quarter as well.
"We reiterate our UW (underweight) stance on the company given rising competitive intensity and moderating margins," the brokerage said in a note.
Top motorcycle maker Hero Honda posted a 1.6 per cent fall in quarterly net profit, its first decline in 11 quarters, and analysts said margins would remain under pressure in the current quarter as well.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Work from home? For FIFA World Cup, even JPMorgan says yes2026-06-22T10:27:50Z- 'Do not use': US banking giants JPMorgan and Goldman Sachs restrict Anthropic AI access abroad. Here's why2026-06-18T16:23:46Z
- Quote of the day by J.P. Morgan: 'People without homes will not quarrel with their leaders. This is well known among our...' - thought-provoking economic lessons on power, capitalism, public influence, leadership and social division by founder of JPMorgan Chase & Co2026-06-12T18:51:05Z
ADVERTISEMENT
