Wednesday, August 28, 2013

Reuters: Money News: Morgan Stanley cuts Fortis Healthcare to 'underweight'

Reuters: Money News
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Morgan Stanley cuts Fortis Healthcare to 'underweight'
Aug 29th 2013, 05:17

Reuters Market Eye - Morgan Stanley downgrades Fortis Healthcare Ltd to "underweight" from "equal-weight" and cuts its target price to 88 rupees from 124 rupees, saying an improvement in margins/returns will take time as leverage remains high despite the company's efforts to raise funds.


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