HSBC raises PT for India's Leela Palaces Hotels on earnings prospects
BUZZ-HSBC raises PT for India's Leela Palaces Hotels on earnings prospects ** HSBC raises Leela Palaces Hotels & Resorts' LEEA.NS PT to 739 rupees from 703 rupees, maintains "buy" rating
** Stock down 0.5% at 593.50 rupees
** Brokerage says co's Q2FY27 EBITDA beat consensus by about 9%, with 30% revenue per available room growth exceeding both HSBC's forecast and market-wide analysts' forecast
** Brokerage says co's H2 and full-year FY27 EBITDA growth guidance could boost earnings momentum; co maintains FY30 EBITDA target of 20 billion rupees ($210.59 million)
** Brokerage raises FY28 and FY29 EBITDA estimates by almost 4% and 3%, respectively
** Co reported Q2 consolidated net profit increased 26.6% Y/Y, and revenue rose 32.5% Y/Y
** Stock rated "buy" on average by 18 analysts; median PT is 700 rupees - LSEG-compiled data
** Stock up 36.9% YTD
($1 = 94.9725 Indian rupees)
(Reporting by Payel Das in Bengaluru)
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