Brokerage firm Nomura has a buy rating on Axis Bank, while Morgan Stanley has downgraded Manapurram Finance to equal-weight. Jefferies has maintained a hold call on Havells and Macquarie has an outperform rating on Wipro.We have collated a list of recommendations from top brokerage firms from ETNow and other sources:Nomura on Axis Bank: Buy| Target price: Rs 1,380Nomura has maintained a Buy rating on Axis Bank and hiked the target price to Rs 1,380 vs Rs 1,370. Axis Bank reported a steady quarter amid muted expectations. Loan/deposit growth was soft QoQ but in-line while the write-offs were higher with lower net slippages aided GNPLs.Morgan Stanley on Manappuram Finance: Equal-weight| Target price: Rs 170Morgan Stanley has downgraded Manappuram Finance to Equal-weight from Overweight while cutting the target price to Rs 170 from Rs 262.RBI's embargo on new business by Asirvad could hurt profits materially and for longer. The company could face a rise in funding costs and could have to support Asirvad with funding. A loan growth moderation could also be faced, however, tighter credit practices and higher provisioning are likely to give comfort to all stakeholders. Despite this and earnings cuts at the standalone entity, standalone valuation remains cheap. However, Morgan Stanley believes that the investor interest could take long to return.Jefferies on Havells: Hold| Target price: Rs 1,870Jefferies maintained a hold rating on Havells India but cut the target price to Rs 1,870 from Rs 1,880.Margin miss has offset healthy sales growth, which was led by C&W, ECD and Lloyd, but Switchgears and Lighting segments were tepid. Festive offtake has started on a positive note but margins in many segments declined due to A&P advancement due to a shift in the festive season and volatile commodities. Jefferies has cut FY25-27 EPS by 4-5%, and now estimates +19% EPS CAGR.Macquarie on Wipro: Outperform| Target price: Rs 670Macquarie maintained an Outperform rating on Wipro with a target price of Rs 670.The revenue and EBIT beat but the PAT was in-line. The global brokerage firm believes that the company could have hoped for a better revenue guidance in Q3 given the strong deal wins, which the management suggested was largely due to furloughs.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)