The Economic Times

Jefferies cuts target price for Jupiter Wagons, maintains Underperform after Q1 earnings. Heres why

Jefferies has cut its target price for Jupiter Wagons to Rs 185 from Rs 210 and retained its Underperform rating after weak Q1 earnings. The brokerage lowered FY27E-29E EPS estimates by 6%-20%, citing weaker wagon and wheelset sales, margin pressure and slower execution, while maintaining a positive view on the companys long-term wheel manufacturing opportunity.