BUZZ-GS hikes TP on India's Eicher Motors, expects easing energy prices to boost demand

Goldman Sachs Group, Inc.
MAXUS REALTY TRUST INC

Goldman Sachs Group, Inc.

GS

0.00

MAXUS REALTY TRUST INC

MRTI

0.00

** Goldman Sachs ("buy") raises TP on India's Eicher Motors EICH.NS to 9200 rupees from 8400 rupees

** EICH last up 1.12% at 7696 rupees

** Brokerage says easing energy prices could drive the fastest rebound in demand in scooters, premium motorcycles, entry-level cars, premium hatchbacks

** Flags Royal Enfield maker as being well placed to benefit from price stabilization after reopening of Strait of Hormuz eases fuel prices

** Adds, Eicher relatively less affected by slower onset of monsoon as its customer base is more urban and premium

**Says TVS Motor TVSM.NS, Maruti Suzuki MRTI.NS also in a good position to benefit from price stabilization

** Also cuts TP on tractor maker Mahindra and Mahindra MAHM.NS, with higher rural exposure, to 3650 rupees due to slower monsoons

** EICH up 5.4% YTD