Credit Suisse downgrades Just Dial on JD Omni concerns

Credit Suisse has downgraded Just Dial   to neutral from outperform with a reduced target price of Rs Rs 950 from Rs 1000. The brokerage is not very upbeat on the stock even though it has has more than doubled from its recent lows. Credit Suisse feels that maintaining pace of paid listing growth, particularly outside the top-ten cities, and competition from vertical players and others are challenges for Just Dial.

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