brown wooden shelves with booksPhoto by <a href="https://unsplash.com/@clorisyy" rel="nofollow">Cloris Ying</a> on <a href="https://unsplash.com/?utm_source=hostinger&utm_medium=referral" rel="nofollow">Unsplash</a>
Spread the love

JPMorgan’s Positive Outlook on Non-Ferrous Metals Stocks

JPMorgan recently expressed optimism regarding the non-ferrous metals sector, particularly highlighting the constructive set-up for companies like Hindalco and Vedanta. The financial institution has raised its price target for both companies, indicating a positive outlook for investors.

Hindalco: Overweight Rating, Increased Target Price

JPMorgan has upgraded Hindalco’s rating to “overweight” and raised its target price to Rs 665. This indicates the bank’s confidence in the company’s future performance. The decision to increase the target price is based on a forward-curve based price forecast for aluminium, suggesting a potentially lucrative market for Hindalco.

Vedanta: Neutral Rating, Higher Target Price

JPMorgan has also raised the target price for Vedanta to Rs 325. However, the bank has maintained a “neutral” rating for the company. This indicates a more cautious approach compared to Hindalco. The decision to increase the target price is also based on the forward-curve based price forecast for aluminium, suggesting potential growth opportunities for Vedanta.

JPMorgan’s positive outlook on non-ferrous metals stocks, particularly Hindalco and Vedanta, is driven by the increase in the forward-curve based price forecast for aluminium. This indicates a potentially favorable market environment for these companies. Investors may consider these updates when making decisions regarding their investment portfolios.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

As you found this post useful...

Follow us on social media!

By earn

WP Twitter Auto Publish Powered By : XYZScripts.com
MUTUAL FUND SIP MONEY TRIPPLE IN 10 YEARS FII DATA 18 SEPTEMBER MIDCAP AND SMALL CAP SHARES SELL MARKET LIVE
Catering dietetyczny bydgoszcz. This is how to pitch to manufacturers as a social media influencer :.