Merrill Lynch has put a BUY on Suzlon Energy as they feel that risk of bidding war over RE power has been alleviated. They have a target of 1500
Macquarie upgrades ICICI Bank to buy with a 12 month target of 1103
Macquarie also upgrades HDFC to buy with a 12 month target of 2060
Macquarie however put a underperfomer on SBI with a target of 1192
Macquarie says BUY Kotak Mahindra with a 12 month target of 646