Titan Q2 Miss Puts Festive Demand In Focus; JPMorgan Cuts Target, Citi Sees Studded Jewellery Boosting Margins

Citi maintained its 'Buy' rating on Titan with a target price of Rs 5,700. Morgan Stanley retained its 'Overweight' rating with a target of Rs 5,483, while JPMorgan maintained 'Overweight' but lowered its target price to Rs 5,540 from Rs 5,650.