
L&T stock: Morgan Stanley sees upside, cuts target to Rs 3,877; highlights ₹80 bn Middle East opportunity
Morgan Stanley has maintained its ‘Overweight’ rating on Larsen & Toubro (L&T) while trimming its target price to ₹3,877 from earlier levels. The brokerage continues to see L&T as a bellwether stock for capital expenditure cycles in India and …