Aarti Industries: Analyst Ratings and Share Price Target
Analyst Upgrades and Downgrades
Morgan Stanley has downgraded Aarti Industries Ltd (ARTOIN) from an overweight rating to an equal-weight rating. However, the bank has maintained its price target at ₹903.
Nuvama has upgraded its rating on Aarti Industries to buy from neutral and has also increased its price target to ₹903 from ₹854.
Analyst Commentary
Morgan Stanley analyst Vivek Rajamani cited concerns about demand slowdown and inflationary pressures as reasons for the downgrade.
Nuvama's upgrade is based on the company's strong performance in the specialty chemicals segment and its potential for growth in the pharma and agrochemical segments.
Share Price Movement
Aarti Industries' share price has been under pressure in recent months, reflecting the overall market weakness and the concerns raised by Morgan Stanley.
Company Updates
Aarti Industries recently held its Q1 FY23 earnings conference call, where management provided an update on the company's performance and outlook.
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