Global brokerage firm Jefferies has maintained a 'Buy' rating on Eicher Motors while raising its price target to ₹8,000 per share from ₹6,925 earlier. This is also the highest price target on the Street.

The revised price target by Jefferies implies a potential upside of 15% from Friday's closing levels.

The brokerage wrote in its note that after a flat 12-month period, Royal Enfield registrations have accelerated, growing 14% year-on-year in H2FY25 and 23% in H1FY26.

Jefferies expects Royal Enfield to benefit from the ongoing premiumisation of the two-wheeler segment, while the toughest phase of competition appears to be behind the company.

According to Jefferies, the hourglass structure of the two-wheeler market, with a notable gap in the 200–300cc segment, offers a clear opportunity

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