JPMorgan lifts L&T price target; shares seen up nearly 30%
JPMorgan raised its Larsen & Toubro Ltd. target to ₹5,060 and kept an “overweight” rating, implying shares could rise nearly 30%.
Shares of Larsen and Toubro Ltd. could rise nearly 30%, according to JPMorgan, which assigned the engineering and infrastructure conglomerate its highest price target on the street. JPMorgan kept an "overweight" rating on L&T and set a target price of ₹5,060 per share. This points to an up…