Hot Stocks: Global brokerages view on Siemens, Dalmia Bharat and Colgate Palmolive

Global brokerage firm Credit Suisse maintained its neutral rating on Siemens, JPMorgan remained overweight on Dalmia Bharat and Jefferies maintained a buy rating on Colgate Palmolive India.

We have collated a list of recommendations by top brokerage firms from ET NOW and other sources:

Credit Suisse on Siemens: Neutral| Target Rs 2825| LTP Rs 3037
Credit Suisse maintained its neutral stance on Siemens with a target price of Rs 2825. Siemens does not see any slowdown in the investment cycle and continues to see strong capex by the public sector, Credit Suisse analysts said.

"Siemens said the margins were impacted by strong cost headwinds. The global investment bank changed earnings estimates by 1.1%/1.4% for Sep 23/24E. Siemens is seeing strong growth in e- mobility and data centres," the brokerage said.

JP Morgan on Dalmia Bharat: Overweight| Target Rs 1845
JP Morgan maintained its overweight rating on Dalmia Bharat with a target price of Rs 1845. Proposed acquisition at attractive valuations which will give Dalmia a pan-India footprint, it said.

"Dalmia's balance sheet can absorb such a transaction. Growth optionality of under-utilized assets moving to stronger," said the note.

Jefferies on Colgate: Buy| Target Rs 1850
Jefferies maintained its buy rating on Colgate Palmolive with a target price of Rs 1850. Prabha Narasimhan from HUL is now Colgate India MD.

Hope Prabha looks at the business with a new lens, said the note. The FMCG major is set to host its first analyst meeting on 13th December.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)