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Morgan Stanley turns bullish on Paytm, raises target 35% on earnings upside
Morgan Stanley has upgraded One 97 Communications Ltd, the parent of Paytm, to Overweight from Equal-weight, raising its price target by 35 per cent to Rs 1,950 from Rs 1,450 as it sees stronger execution across payments and financial services supporting faster growth and further earnings upgrades. The revised target implies an upside of about 22 per cent from Paytm's closing price of Rs 1,601.60 on October 27. Morgan Stanley said continued execution, favourable industry developments and the po…
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