Deutsche bank downgrades Cairn India to 'hold'
Deutsche Bank has downgraded Cairn India to 'hold' from 'buy' as the stock now factors in Brent price of $110 per barrel and USD/INR rate of 53.
Goldman Sachs has downgraded Cairn India to 'neutral' from 'buy' as it expects the company's earnings to remain flat or decline on the back of moderation in crude oil prices outlook.