Investment Banks Initiate Stock Coverage With Mixed Ratings Across Sectors
Several major financial institutions have launched new research coverage on a range of publicly traded companies, assigning buy, overweight, and neutral ratings. The initiatives span diverse industries including healthcare, hospitality, environmental services, and retail.
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Nomura initiates coverage on Clean Max Enviro with Buy call. Check upside potential, key reasons
Nomura initiated coverage on Clean Max Enviro Energy Solutions with a Buy rating and a Rs 1,510 target, implying 21% upside, citing strong growth prospects in India’s C&I renewable energy market. The brokerage expects revenue and EBITDA to grow at CAGRs of 39% and 50%, respectively, through FY29, while Clean Max’s Q1 profit turned positive and revenue more than doubled year-on-year.
Read full article →BTIG initiates Smith & Nephew stock coverage with neutral rating
By Investing.com
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