Deutsche Bank starts coverage of United Spirits shares with 'buy' rating
The investment bank said Diageo Plc would bring "much-needed financial prudence" to United Spirits Ltd , which should improve profitability and cash flows.
Deutsche set its 12-month price target at 2,700 rupees.
United Spirits shares were up 2 percent at 1,797.00 rupees as of 0407 GMT.
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