Tata Motors shares downgraded, removed from ‘high conviction’ list by CLSA, price target cut
Passenger and commercial vehicle manufacture Tata Motors Ltd. has been removed from brokerage firm CLSA’s high conviction outperform list. Tata Motors was downgraded back to its “outperform” rating and its price target was cut by 18% to ₹765 from ₹930 earlier. The revised price target implies a potential upside of 17% from Thursday’s closing. The…