Brokerages reset consumer playbook: Citi Neutral on Titan, JPM Overweight USL, Macquarie backs Trent & Devyani
Citi flags jewellery softness at Titan amid record gold prices (TP Rs 5,075). JPMorgan goes Overweight on United Spirits (TP Rs 1,510). Macquarie's inflation-moderation basket favours Titan, Trent, Devyani, HUL and Asian Paints. Max Healthcare gets TP Rs 1,240 on 20% EBITDA CAGR through FY30; Thyrocare a Buy at Rs 615.
Brokerages issue updated calls on Indian consumer names: Citi Neutral on Titan (TP Rs 5075) citing jewellery softness amid high gold prices; JPMorgan Overweight on United Spirits; Macquarie picks Titan, Trent, Devyani, HUL, Asian Paints on inflation moderation.