Outperform Jubilant Foodworks Ltd., target Rs 1230.0 : Credit Suisse

Credit Suisse has Outperform call on Jubilant Foodworks Ltd. with a target price of Rs 1230.0. The current market price of Jubilant Foodworks Ltd. is 944.15. Time period given by analyst is year, when Jubilant Foodworks Ltd. price can reach defined target. The top leadership of Jubilant FoodWork changed within 6 months which will be seen negatively by the market. The company's operating performance has been weak in the past few years. Corrective measures have already put in place by the company but a change in top management will increase discomfort. Dev Amritesh a potential candidate to take over as CEO said the Credit Suisse note.