ibnlive » Business

Morgan Stanley resumes United Spirits at 'overweight'

Reuters
May 22, 2013 at 11:50am IST

Mumbai: Morgan Stanley resumes coverage of United Spirits Ltd with an "overweight" rating and a target price of Rs 3,115. The investment bank says new owner Diageo Plc could implement a greater focus on profitable growth for the liquor maker.

Morgan Stanley says United Spirits could also focus on the "prestige" liquor segment, improving margins.

The bank also expects capital efficiencies, reduced leverage, strengthened leadership, and consistent disclosures to boost United Spirits' shares. As of 11.07 am, United Spirits shares were up 4.2 per cent at Rs 2,507.

Morgan Stanley resumes United Spirits at 'overweight'

Morgan Stanley says United Spirits could also focus on the "prestige" liquor segment, improving margins.

Latest

More from this section

PREVIOUS  Sensex at one-week low, down 49 points

NEXT  Sterlite smelter closure put cable makers in a tight spot