Bharti Airtel, Cipla & more: Top stocks to watch on May 18

Jefferies raised Bharti Airtel’s target price to Rs 2,350 on strong Q4FY26 performance, while JP Morgan upgraded Cipla to overweight citing improved earnings visibility and attractive valuations. Morgan Stanley maintained an underweight rating on Dixon Technologies due to revenue and EBITDA misses, and HDFC Securities upgraded Hyundai Motor India to add, noting management’s renewed focus on domestic growth and exports.