Emami stock upgraded to ‘buy’, target price raised; Citi says company to gain from demand recovery
Citi has upgraded its rating to “buy” Emami and adjusted its price target to Rs 600 from Rs 455. This is a 32% increase from the target price. Citi expects Emami to benefit from investments for its long-term strategic initiatives. The brokerage believes that Emami is well-positioned to benefit from any rebound in the demand …