| Date | Rating | Target Price | Recommendation Price | Broker house |
| 19 Apr 2011 | overweight | 740 | 612 | HSBC Report |
tata steel (HSBC) OW: Tata Steel Europe field trip diaries
Cost benefits are optimised at Ijmuiden now; until raw material benefit kicks in, we foresee no major turnaround in plant-costing - Carbon costs likely to hurt margins by 2013 ... still a grey area, no major positive likely - However, the location, size and operations at the Ijmuiden facilities are impressive; we reiterate our OW and INR740 TP
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