UBS downgrades Tata Motors to sell
The firm said a lack of product pull could drive discounts higher and volumes lower, offsetting the management’s cost-cutting effort and leading to disappointment on free cash flows, which JLR can ill-afford due to its leveraged balance sheet.
from Markets-Economic Times https://ift.tt/2Q42JsQ
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from Markets-Economic Times https://ift.tt/2Q42JsQ
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