Neutral Bharti Infratel, target Rs 375: Credit Suisse
The recent volatility triggered by concerns about contract renewals. Investors are concerned about a more painful rental cut, said the global investment bank.
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| Updated: Credit Suisse maintains a neutral rating on Bharti Infratel but slashed its 12-month target price to Rs 375 from Rs 400 earlier. It looks like the company is concerned about changing tech trends and sharp rise in spectrum supply.
The recent volatility triggered by concerns about contract renewals. Investors are concerned about a more painful rental cut, said the global investment bank. The volatility could continue while the uncertainty mast last longer than you expect.
The recent volatility triggered by concerns about contract renewals. Investors are concerned about a more painful rental cut, said the global investment bank. The volatility could continue while the uncertainty mast last longer than you expect.
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