January 08, 2013 at 12:04 PM EST
UPDATE: Credit Suisse Upgrades Tata Motors to Outperform on New Range Rover Momentum
Credit Suisse upgraded Tata Motors (NYSE: TTM ) from Neutral to Outperform. Credit Suisse noted, "Our channel checks with Chinese dealers (done by the Chinese Autos team) suggest that dealers expect to sell ~30,000 RRs in China alone. Hence we have upgraded our RR estimates from 35k units to 50k
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