Outperform on L&T with a target at Rs 1425: Credit Suisse

Credit Suisse maintains outperform rating on L&T with a 12-month target price of Rs 1425. The social infra projects in Korea, Middle East are unlikely to get delayed, said the global investment bank.

The global investment bank expects gradual improvement in domestic infrastructure segment. It also sees execution pick-up in domestic, margin recovery on recognition, commodities support.

However, project-specific issues in Middle East are a key risk.