Bak of America Merrill cuts Bajaj Auto price target

Newswire

MUMBAI, May 19 (Reuters) - Bank of America Merrill Lynch on Thursday said it has cut the price target for motorcycle maker Bajaj Auto to 1,340 rupees from 1,480 rupees on expectations of margin pressures and a sales slowdown in the current fiscal year. It however, maintained its 'underperform' rating on the stock. Bajaj Auto March-quarter net profit nearly tripled mainly due to a one-time gain, and it was continuing to face input cost pressures. [ID:nL4E7GG0YB] BOFA-Merrill said it ...

Premium Content (PAID Subscription Required)

"Bak of America Merrill cuts Bajaj Auto price target" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.
WardsAuto Blogs
Jul 14, 2014
blog

GM’s Do-Over of Chevy Malibu Gets It Right

The eAssist hybrid system is gone, replaced by a silky smooth, remarkably quiet stop/start system....More
Jul 11, 2014
blog

Vintage Car Owners Line Up for Fuel

“This is the greatest day ever!” declares Thomas Semaan, whose ’80 Chevrolet Corvette Stingray fueled up for a mere $8.60 instead of the $38 he would have paid for the same amount in today’s dollars....More
Jul 11, 2014
blog

Tesla Salespeople Would Make Great Museum Curators

The automaker’s salespeople do a couple of things right but enough wrong to finish dead last in a mystery-shopping study....More

Sponsored Introduction Continue on to (or wait seconds) ×