Indian markets likely to trade flat on Wednesday tracking muted trend seen in the Asian markets but there will be stock-specific action in which global brokerage firms tweaked their rating or target price.

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

SBI Cards and Payment Services: Overweight| Target Rs 1350

Morgan Stanley maintained its overweight rating on SBI Cards with a target of Rs 1,350 that translates into an upside of over 47 per cent from Rs 913 recorded on 28 December.

After a strong October for industry (highest-ever spending, 26% month-on-month), spending moderated in November (-12% MoM), but was up 43 per cent on a YoY basis.

SBI Cards spending moderated by 7 per cent on a month-on-month (MoM) basis but it is still up 42 per cent on a year-on-year basis.

Macrotech Developers: Equal-Weight| Target Rs 1,312

Morgan Stanley initiated coverage with an Equal-Weight rating on Macrotech Developers with a target price of Rs 1,312 that translates into an upside of 7% from Rs 1,218 recorded on 28 December.

The company is focused on growing its core residential business. Good cash flow visibility to help in further deleveraging. The stock is trading at a small discount, but valuations appear full.

(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.)