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Broker research reports for stocks which have been downgraded by brokers. Both recommendation downgrades, as well as share price target downgrades are available for companies in Industry - Industrial Machinery.

Broker Research reports: latest Downgrades for Industry - Industrial Machinery

Reco - This broker has downgraded this stock from it's previous report.
(eg. - Buy->Hold)

Target - Broker has maintained previous recommendation but reduced share price target.

Reco - This broker has upgraded this stock from it's previous report.
(eg. - Sell->Hold)

Target - Broker has maintained previous recommendation but increased share price target.

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Click on any table column to sort reports by date, stock name, broker, price, target, upside or recommendation.

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report		Discuss
	29 Jul 2024	Praj Industries	Axis Direct Reco Target	310.50	760.00	703.70 (-55.88%)	Target met	Hold	pdf post cache		Broker Report Result Update:Praj Industries Axis Direct We revised our rating on the stock to HOLD from BUY. pdf Copy Link Share on Share on Share on Share on Alert
	28 Jul 2024	Praj Industries	Prabhudas Lilladhar Target	310.50	804.00	699.85 (-55.63%)	Target met	Buy	pdf post cache		Broker Report PRAJ INDUSTRIES Prabhudas Lilladhar pdf Copy Link Share on Share on Share on Share on Alert
	22 Apr 2024	Elecon Engineering	Edelweiss Reco	474.45	1170.00	1155.70 (-58.95%)	Target met	Hold	pdf post cache		Broker Report Elecon Engineering Company \| Q4FY24 Result Update Edelweiss Continuation of margin trend cushions soft revenue pdf Copy Link Share on Share on Share on Share on Alert
	20 Apr 2024	Praj Industries	Axis Direct Target	310.50	565.00	508.75 (-38.97%)	Target met	Buy	pdf post cache		Broker Report Pick of the Week:22 APR 2024 Axis Direct We recommend a BUY rating on the stock with the target price of Rs 565/share, implying an upside of 11% from the CMP. pdf Copy Link Share on Share on Share on Share on Alert
	02 Nov 2023	Praj Industries	Axis Direct Reco Target	310.50	580.00	537.85 (-42.27%)	Target met	Hold	pdf post cache		Broker Report Result Update:Praj Industries Axis Direct we revise our rating from BUY to HOLD as the recent move limits the upside potential to 9% from the CMP. pdf Copy Link Share on Share on Share on Share on Alert
	01 Nov 2023	Praj Industries	Prabhudas Lilladhar Target	310.50	611.00	534.10 (-41.86%)	Target met	Accumulate	pdf post cache		Broker Report PRAJ INDUSTRIES Prabhudas Lilladhar pdf Copy Link Share on Share on Share on Share on Alert
	18 Sep 2023	Praj Industries	Prabhudas Lilladhar Reco Target	310.50	618.00	581.30 (-46.59%)	Target met	Accumulate	pdf post cache		Broker Report PRAJ INDUSTRIES Prabhudas Lilladhar pdf Copy Link Share on Share on Share on Share on Alert
	07 Aug 2023	Cummins	ICICI Securities Limited Target	4468.90	1707.00	1796.10 (148.81%)	Target met	Hold	pdf post cache		Broker Report Pre-buying and domestic business led strong performance ICICI Securities Limited Cummins India reported revenue / EBITDA / PAT growth of 31% / 59% / 51% YoY at INR 22.1bn / 3.4bn / 3.2bn respectively. Powergen segment (+76% YoY) benefited from domestic and pre-buying demand. The Central Pollution Control Board (CPCB) has changed the deadline for CPCB II genset sales to Jun’24. pdf Copy Link Share on Share on Share on Share on Alert
	15 Jul 2023	Praj Industries	Axis Direct Target	310.50	450.00	406.65 (-23.64%)	Target met	Buy	pdf post cache		Broker Report Pick of the Week:17 JULY 2023 Axis Direct We believe is cheap given its growth prospects and premium return ratios and therefore recommend a BUY with a near term target price of 450. pdf Copy Link Share on Share on Share on Share on Alert
	29 May 2023	GE T&D	ICICI Securities Limited Reco Target	2768.80	200.00	194.40 (1324.28%)	Target met	Hold	pdf post cache		Broker Report Weak performance, healthy tender pipeline ahead ICICI Securities Limited GE T&D India (GETD) reported a weak set of numbers for Q4FY23 with subdued revenue and net loss due to lower opening order backlog and reduced profitability as a result of increased cost of certain electronics and execution of low-margin orders. pdf Copy Link Share on Share on Share on Share on Alert
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