Buy Lupin, target of Rs 789: Emkay Global
Emkay Global Financial Services has recommended a buy rating on Lupin with a price target of Rs 789 in its March 3, 2009 research report. “Lupin deserves a re-rating in valuations given its strong presence across the entire pharmaceutical gamut, outperformance of peers and just mid cap valuations. Lupin has attained sizable revenues across markets, pushing it into the league of big pharma companies. We initiate coverage on the stock with a buy rating with a price target of Rs 789,” says Emkay Global Financial Services’ research report.
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