India's Leela Palaces gains as analysts raise revenue, core earnings forecasts
BUZZ-India's Leela Palaces gains as analysts raise revenue, core earnings forecasts ** Shares of Leela Palaces Hotels & Resorts LEEA.NS extend gains after quarterly results; up 3.9% at 614.03 rupees
** Jefferies ("buy", hikes TP to 735 rupees from 675 rupees)raise FY27 RevPAR growth outlook to 17% vs 13% earlier, hikes core earnings and profit after tax estimates by 3-7% for FY27
** Nomura ("buy", raises TP to 650 rupees from 580 rupees)sees FY27 core earnings growth of 25% y/y helped by growth driven by strong seasonality, events, and recovering international demand
** Co's Q1 net profit up 26.6% to 945.9 million rupees ($9.96 million), revenue up 32% to 4.12 billion rupees
** 18 analysts on average rate stock "strong buy", median TP of 680 rupees--LSEG-compiled data
** YTD, shares up 41.03%
($1 = 94.9875 Indian rupees)
(Reporting by Saikeerthi in Bengaluru)
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