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Morgan Stanley sees freight as a significant revenue generator for Titagarh, while also acknowledging the potential of the passenger business for growth. The firm anticipates an impressive 28% earnings compound annual growth rate (CAGR) for Titagarh over the period spanning FY 24-27.
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Here are the biggest calls on Wall Street on Thursday.
This upgrade aligns JP Morgan with other prominent global brokerages like Morgan Stanley, CLSA and Nomura, who have also pushed India to an "overweight" status.
Several analysts initiated coverage on Klaviyo Inc (NYSE: KVYO) following its