International brokerage firm Nomura raised Adani Ports and Special Economic Zone (APSEZ) share price target to Rs 2,080 from Rs 1,850 (13% increase) while maintaining its Buy rating on the Adani Group stock.
The new target price implies an upside of 15% from current market levels. Analysts have raised their FY27 and FY28 EBITDA estimates for the company by 1% and 2%, respectively, citing expectations of a slightly more favourable revenue mix. The brokerage identified slower-than-expected cargo traffic growth and any further escalation in geopolitical tensions as key risks to its investment thesis.
