Economic TimesLean R·
Brokerages raise Asian Paints price targets after strong Q1 earnings, but retain cautious stance
Brokerages increased price targets for Asian Paints after strong June quarter earnings. Most analysts maintained their existing recommendations for the paint company. Rich valuations and rising raw material costs limit the stock's upside potential. Intense competition also continues to affect the company's performance. Analysts' consensus price target suggests a ten percent upside from Thursday's close.
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