JPMorgan downgrades LTM shares on acquisition concerns
after close1 source ↓written by the desknot a recommendation
- was cut
- 12%
- ₹4,500
- from Friday's close
- 12.5% upside
- acquisition price
- €160 million
Brokerage firm JPMorgan downgraded LTM to "neutral" from "overweight" on 25 May. The price target was cut by 12% to ₹4,500, implying a 12.5% upside from Friday's close. Analysts expressed caution over LTM's acquisition of Randstad's tech services, highlighting potential financial implications despite a modest acquisition price of €160 million.
Not investment advice. For informational purposes only.