Hero MotoCorp seen as a rural proxy, says UBS as it cuts target price
- Posted on October 25, 2024
- By Business News Today
- 2 Views
Hero MotoCorp seen as a rural proxy, says UBS as it cuts target price
UBS cut the target price of Hero MotoCorp to Rs 3,300, reiterating their 'sell' rating. The market appears to like Hero as a rural proxy, while expecting a rural demand revival and a turnaround in its premium 2-wheelers. UBS believes the market is too optimistic regarding Hero's rural moat.
