Hot Stocks: Global brokerages on Cummins India, Phoenix Mills and Page Industries

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Odey Sacked From His Hedge Fund Firm After Assault Allegations

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Nigeria’s central bank chief arrested after being suspended by president

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Trudeau Pledges New Military Aid to Ukraine During Surprise Trip

(Bloomberg) — Prime Minister Justin Trudeau announced C$500 million ($375 million) in new military assistance to Ukraine during a surprise visit to the war-torn country...

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Goldman Sachs maintained a neutral rating on Cummins India, whereas Credit Suisse maintained an outperform rating on the company. CLSA has a buy rating on Phoenix Mills, and Morgan Stanley maintained an overweight rating on Page Industries with concerns over the company’s weaker Q4 performance. While Cummins India’s prospects are tied to internal combustion engines, Phoenix Mills is seen as a strong play on discretionary consumption demand, and Page Industries expects margin recovery to lead to revenue growth.