Reuters: Money News: JP Morgan downgrades L&T to 'neutral' on valuations

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JP Morgan downgrades L&T to 'neutral' on valuations Oct 30th 2013, 05:12 Reuters Market Eye - J.P. Morgan downgrades Larsen & Toubro Ltd (L&T) to "neutral" from "overweight" and maintains its target price of 970 rupees, saying the current share price adequately discounts near-term positives.

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