Hansen, Mueller Industries director, sells $105,710 in stock
Investing.com - UBS upgraded Titan Company (NS:TTAN) stock rating from Neutral to Buy and raised its price target to INR4,700.00 from INR3,600.00.
The upgrade comes as UBS analyst Amit Sachdeva cited Titan’s impressive position in the jewelry industry, highlighting the company’s strong brands, consumer trust, and scale as key strengths.
UBS noted that fears of rising competition and potential impacts from lab-grown diamonds (LGDs) have been overhanging the stock, but evidence suggests these concerns may be overstated.
A UBS Evidence Lab survey indicated that the threat from lab-grown diamonds appears manageable, while the firm believes Titan’s value proposition remains competitive in the market.
UBS expects an earnings rebound for Titan and considers the company’s current valuation attractive, supporting the upgraded rating and significantly higher price target.
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