India’s Economy Slows More Than Expected, Potentially Clearing Path for Rate Cuts
Written by Emily J. Thompson, Senior Investment Analyst
Source: WSJ
Economic Growth Rate: India's economy grew by 5.4% in the July-September quarter, marking the slowest growth since Q4 2022 and falling short of central bank expectations.
Interest Rate Implications: The significant slowdown in economic growth may support arguments for an interest-rate cut in the upcoming week.
Analyst Views on PIN
Wall Street analysts forecast PIN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PIN is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 23.320
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Current: 23.320
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
