Suzlon slides as brokers cut targets, but ratings stay buy
In short
Suzlon Energy shares fell after several brokers cut their target prices.
Investec, ICICI Securities and UBS still have buy ratings, with targets of ₹56, ₹55 and ₹58. The report says none of the 11 analysts covering the stock have a sell rating.
What the reporting says
Suzlon Energy shares fell after multiple broker target cuts, but the available reporting still showed buy ratings from Investec, ICICI Securities and UBS. Their price targets were ₹56, ₹55 and ₹58, and none of the 11 analysts tracking the stock had a sell rating. The source does not state the specific reason for the latest target cuts or the full extent of the price move.
Why it matters
Suzlon Energy came under pressure after multiple broker target cuts, but the reported analyst stance remained supportive. Investec, ICICI Securities and UBS all kept buy ratings with targets of ₹56, ₹55 and ₹58, while none of the 11 analysts tracked had a sell rating. The source does not state why targets were cut or what specific operational or financial update triggered the move.