*ET NOW BROKERAGE RADAR*
*MORGAN STANLEY ON CADILA: ET NOW*
Maintain Overweight, Target at `304/share
Earnings concentration is waning for Cadila.
Profit base is getting normalized, though gAsacol HD remains
Steady growth, IP optionality & reasonable valuation keep us overweight
*MORGAN STANLEY ON ADANI PORTS: ET NOW*
Maintain Overweight , Target at `433/share
Q2 volumes have been sluggish
Growth is likely to bounce back in H2
APSEZ continues to win market share and increase profitably
Need to monitor value accretion through potential acquisitions
*UBS ON PIDILITE: ET NOW*
Maintain Neutral , Target at `1700/share
Slowdown hurts consumer facing businesses
Near term outlook uncertain as consumer & bazaar segment de-grows
Gross margin gains not reflecting in operating margins
Medium term growth thesis intact
*CS ON PIDILITE: ET NOW*
Maintain Underperform , Target at `1245/share
Q2FY20 weak across all lines
Domestic consumer business volumes declines
EBITDA margin contracts despite large gross margin expansion
*UBS ON INFOEDGE: ET NOW*
Maintain SELL , Target at `1960/share
Valuations frothy considering the performance
Info Edge can't remain decoupled from economy
EBITDA break-even in 99 acres came as a silver lining
*CITI ON PRESTIGE ESTATE: ET NOW*
Maintain BUY , Target at `343/share
Softness in pre-sales in Q2FY20
H2 To Be Better than H1
Pre-sales & debt levels are key to watch
*NOMURA ON ICICI PRU: ET NOW*
Downgrade ICICI Pru to Netural from BUY
Target price for ICICI pru at `510/share
Turning neutral on insurance after the sharp re-rating
Insurance stocks have re-rated in last 6-9 months
Implies market acknowledging increasing VNB contribution
Savings business should remain cyclical,
Part of cyclicality playing out in weak growth trends now