L&T Shares Dip as BofA Downgrades to Underperform, Sets ₹3,700 Target | Stock News | ET Now #ETNOW
L&T Shares Dip as BofA Downgrades to Underperform, Sets ₹3,700 Target | Stock News | ET Now
Bank of America downgraded Larsen & Toubro to “underperform” with a ₹3,700 target, citing limited upside after a 10% two-month rally. Hyderabad Metro exit boosts FY26-28 EPS by 3-4%, but slowing domestic CapEx (11% FY25-27) and Middle East order risks loom. Valuations reflect positives, dimming near-term growth prospects.
#larsentoubro #bofadowngrade #stockmarket #hyderabadmetro #capexslowdown #middleeastrisks #indiainfra #earningsupgrade #stockvaluation #marketheadwinds #etnow
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