BUZZ-India's Jubilant FoodWorks at 3-yr high; Jefferies, Motilal hike PTs
** Domino's India-operator Jubilant FoodWorks JUBI.NS climbs 2.3% to 755.65 rupees, highest since Jan. 2022
** Jefferies ("buy") hikes PT to Street-high of 1,000 rupees, implying a 35% upside to last close
** Motilal Oswal ("neutral") raises PT by 28% to 800 rupees, 2nd-highest on Street and an 8.2% upside to last close
** All the other 26 brokerages have a PT that is below JUBI's current price, per LSEG data; their avg rating is "hold"
** Jefferies expects growth boosters --such as no delivery fee, dine-in meal at 99 rupees --to lift same-store sales growth
** JUBI CEO Sameer Khetarpal told Motilal he was optimistic on margin recovery as order volumes, operational efficiencies improve
** JUBI gained 27% in 2024, biggest annual jump since 2021
(Reporting by Manvi Pant in Bengaluru)
((Manvi.Pant@thomsonreuters.com; +918447554364;))
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