Zacks Upgrades Tata Motors Limited to “Outperform” (TTM)

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Tata Motors Limited (NYSE:TTM) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Wednesday. The firm currently has a $43.90 target price on the stock. Zacks‘s price target indicates a potential upside of 11.62% from the stock’s previous close.

Tata Motors Limited (NYSE:TTM) traded up 2.39% during mid-day trading on Wednesday, hitting $40.27. 158,427 shares of the company’s stock traded hands. Tata Motors Limited has a 52 week low of $21.75 and a 52 week high of $41.18. The stock has a 50-day moving average of $38.09 and a 200-day moving average of $33.11. The company has a market cap of $25.693 billion and a price-to-earnings ratio of 15.24.

Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley downgraded shares of Tata Motors Limited from an “overweight” rating to an “equal weight” rating in a research note on Wednesday. Analysts at Credit Suisse downgraded shares of Tata Motors Limited from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $43.90.

Tata Motors Limited is an automobile company. Through its other subsidiary, the Company is engaged in providing engineering and automotive solutions, construction equipment manufacturing, automotive vehicle components manufacturing and supply chain activities, machine tools and factory automation solutions, high-precision tooling and plastic and electronic components for automotive and computer applications, and automotive retailing and service operations.

To view Zacks’ full report, visit Zacks’ official website.

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