05 Feb 2026 | 3 Mins Read
Morgan Stanley cuts Hindustan Aeronautics shares price target by 34%
Flipitmoney
Morgan Stanley downgraded HAL to "under-weight" from "equal-weight" and cut its price target to ₹3,355 (34% from ₹5,092), implying a 20% downside potential. The brokerage cited increased competition and slower execution risk due to high import dependence. HAL shares fell 6% on Wednesday, wiping out ₹18,000 crore in market capitalization.