Hero Motocorp Ltd JPMorgan upgraded Hero MotoCorp from Neutral to Overweight

raising its price target to Rs 6,850 from Rs 5,640, citing stabilizing market share, improved inventory management, strengthened EV market share, and potential valuation re-rating. The company’s Emerging Mobility business, VIDA, has grown faster than the industry average, capturing 11.7% of the electric two-wheeler market in Q2 FY26. Analysts remain optimistic about benefits from GST cuts, festive season sales, government initiatives to boost rural income, and demand growth in key segments.