Mizuho analyst Maheep Mandloi lowered the firm's price target on ReNew Energy Global to $6.75 from $7 and keeps a Neutral rating on the shares. The firm cites the latest non-binding take-private proposal from CPPIB and CEO Sumant Sinha for the target cut. The bid offers limited upside to the current share price and sits below Masdar's prior proposal, the analyst tells investors in a research note.
