Indian markets are likely to consolidate on Friday, tracking muted global cues, but there will be stock-specific action in which global brokerage came out with their reports on business development, or earnings outlook.

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We have collated a list of recommendations from various global brokerage firms according to a Zee Business TV report:

L&T: Buy| Target Rs 2450

CLSA maintained a buy rating on L&T with a target price of Rs 2,450, which translates into an upside of over 28 per cent from Rs 1913 recorded on 27th January.

The company has begun well in this capex cycle by winning marque projects & divesting assets. Its twin themes of turning around the loss-making business and reallocating capital to improve ROE still has steam, said the note.

RBL Bank: Upgrade to buy| Target Rs 200

CLSA upgraded RBL Bank to buy post Q3 results with a target price of Rs 200 that translates into an upside of 30 per cent from Rs 153 recorded on 27th January.

The 3Q FY22 had nothing untoward. The bank reported a stable performance. The net interest income (NII) trends improved in 3Q and the bank is finally gaining some growth traction, which is a positive sign.

Colgate Palmolive India: Outperform| Target Rs 1540

CLSA maintained the outperform rating on Colgate India Ltd post Q3 results with a target price of Rs 1,540 which translates into an upside of 11 per cent from Rs 1,391 recorded on 27th January.

Results were marginally below expectation, and the near-term outlook remains weak. The volume growth is at 3% and the price growth is 1%.

The 2-3% price hike in November 2021 absorbed in YoY increase in the promotion. On multiple headwinds earning visibility remains weak, said the note.

PNB: Equalweight| Target Rs 53

Morgan Stanley maintained an Equalweight rating post Q3 results with a target of Rs 53 that translates into an upside of 29 per cent from Rs 41 recorded on 27th January.

PBT was 5% below Morgan Stanley estimates owing to higher-than-expected credit costs (driving higher coverage QoQ).

Slippages moderated QoQ. Core PPoP did well and was 34% above estimates due to sharp improvement in margins/lower costs. The loan book grew 3% QoQ.

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)