Norwegian Cruise Line price target raised to $26 from $24 at Morgan Stanley
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
an hour ago
- Business Upturn
Infosys shares in focus as brokerages react to Australia deal with Telstra
By News Desk Published on August 14, 2025, 08:39 IST Infosys shares are in the spotlight after the company announced a strategic joint venture in Australia with Telstra, prompting mixed reactions from leading brokerages on its growth impact and valuation. Morgan Stanley on Infosys: Hold, target price ₹1,700/sh Morgan Stanley maintained its Equal-Weight rating, noting that the JV with Telstra — involving the Versent Group, which has a blue-chip client base across sectors such as government, education, financial services, energy, and utilities — will strengthen Infosys' local presence in Australia. The brokerage highlighted that the deal builds on the company's existing collaboration with Telstra and that the price paid is reasonable. Assuming a high single-digit margin profile, Morgan Stanley does not expect the JV to dilute EPS. Nomura on Infosys: Buy, target price ₹1,880/sh Nomura retained its Buy call after Infosys announced the carve-out deal in Australia, under which it will acquire a 75% stake and operational control in the new entity, with Telstra holding the remaining 25%. Infosys will pay AUD 233 million for its stake, with the deal estimated to add $70 million to revenue in FY26, contributing around 35 bps to overall growth. The brokerage views the acquisition as a positive step in expanding Infosys' global delivery footprint. The contrasting stances indicate a cautious optimism from Morgan Stanley, focusing on strategic alignment, while Nomura sees a stronger growth catalyst in the deal's immediate revenue contribution. Disclaimer: The views and recommendations above are those of individual brokerages and do not represent investment advice. Investors are advised to consult certified financial advisers before making investment decisions. Ahmedabad Plane Crash News desk at
Business Upturn
an hour ago
- Business Upturn
Morgan Stanley keeps overweight on Jubilant FoodWorks, sees growth momentum supporting margins
By Markets Desk Published on August 14, 2025, 07:53 IST Morgan Stanley has reiterated its overweight rating on Jubilant FoodWorks with a target price of ₹781, highlighting strong growth momentum in its Indian business and expectations of margin improvement ahead. The company reported an 18% year-on-year rise in revenue for the first quarter, with Domino's India like-for-like growth at 11.6%, outpacing its quick service restaurant peers. The brokerage said the company remains focused on market penetration while maintaining limited price hikes, a strategy it believes will sustain healthy volume-led growth despite the high base of previous years. Management expects gross margins to improve as cost pressures ease, with top-line growth helping to support EBITDA margin expansion over time. Morgan Stanley sees Jubilant FoodWorks well positioned to capitalise on strong brand equity and consumer demand trends, reinforcing its positive stance on the stock. Disclaimer: The views and recommendations made in this article are those of Morgan Stanley. This article does not constitute investment advice. Investors should consult their financial advisors before making any investment decisions. Ahmedabad Plane Crash Markets Desk at
Business Upturn
an hour ago
- Business Upturn
Morgan Stanley keeps equal-weight on Infosys after JV with Telstra in Australia
By Markets Desk Published on August 14, 2025, 07:57 IST Morgan Stanley has maintained its equal-weight rating on Infosys with a target price of ₹1,700 following the company's announcement of a joint venture with Telstra in Australia. The JV builds on the existing collaboration between the two companies and includes Versent Group, which has a strong client base across government, education, financial services, energy, and utilities sectors. The brokerage said the deal strengthens Infosys' local presence in the Australian market and complements its strategic push in digital transformation services. It added that the price paid for the stake is not considered expensive, and assuming a high single-digit margin profile, the JV is not expected to dilute earnings per share. Morgan Stanley noted that while the transaction is strategically positive, it remains neutral on the stock due to valuation considerations and a balanced risk-reward profile at current levels. Disclaimer: The views and recommendations made in this article are those of Morgan Stanley. This article does not constitute investment advice. Investors should consult their financial advisors before making any investment decisions. Ahmedabad Plane Crash Markets Desk at
