Morgan Stanley has downgraded Fortis Healthcare Ltd to underweight from equal-weight and cuts its target price to Rs 88 from Rs 124, saying an improvement in margins/returns will take time as leverage remains high despite the company's efforts to raise funds.
Morgan Stanley has downgraded Fortis Healthcare Ltd to underweight from equal-weight and cuts its target price to Rs 88 from Rs 124, saying an improvement in margins/returns will take time as leverage remains high despite the company's efforts to raise funds.
Shares in Fortis Healthcare were down 1.48 per cent at 10.46 am.
Copyright: Thomson Reuters 2013
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