Fed Governor Adriana Kugler to resign
Investing.com - CLSA has lowered its price target on Asian Paints (NSE:ASPN) (NS:APNT) to INR1,927.00 from INR1,966.00 while maintaining an Underperform rating on the stock.
The research firm cited heightened competitive activity as a key concern, suggesting this will continue to put pressure on both growth and margins for the Indian paint manufacturer.
CLSA cut its FY26-28 net profit estimates for Asian Paints by 3%-4%, reflecting expectations of lower growth and higher depreciation costs for the company.
The new price target represents a blend of discounted cash flow (DCF) and price-to-earnings (PE) based valuation methods, with CLSA adjusting its DCF assumptions by changing the beta to 0.78 from 0.69.
The firm also made additional modifications to its valuation model, lowering the risk-free rate by 75 basis points while raising the equity risk premium by 50 basis points.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.