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Gujarat Gas shares drop with Q3 profit, analysts bearish

Shares of Gujarat Gas dropped 6.3% due to a drop in net profit. Analysts are bearish due to growth challenges, uninspiring volume guidance, and expensive valuations. Red Sea disruptions impacted ceramic exports. Renewal of LNG contracts may offer upside to volumes in the face of a global gas glut.
Red Sea Djibouti General Morgan Stanley Citi Research Gujarat Gas Negative Catalyst Watch

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First Look Analysts Research Calls for Monday, April 17 – 24/7 Wall St.

This report was sent to Briefing.com subscribers earlier today. Upgrades: > Biogen (BIIB) upgraded to Overweight from Neutral at Piper Sandler; tgt raised to $346 > Dexcom (DXCM) upgraded to Strong Buy from Outperform at Raymond James; tgt raised to $138 > HP Inc. (HPQ) upgraded to Overweight from Neutral at JP Morgan; tgt raised […]
Robertw Baird William Blair Piper Sandler Raymond James Sallie Mae Wells Fargo

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