India's Cipla rises after Prabhudas Lilladher upgrades to 'buy'
** Shares of generic drugmaker Cipla CIPL.NS rise ~3% to 1,536 rupees
** Prabhudas Lilladher upgrades stock to "buy" from "accumulate" and raises target price by 7% to 1,730 rupees
** Says CIPL's robust U.S. portfolio of respiratory drugs, injectable and peptides, and new product launches to drive $1 bln of sales in FY27
** Timely launch of cancer drug Abraxane and asthma drug Advair can yield $100-120 mln of sales on annual basis amid limited competition - brokerage
** Expects domestic market recovery to drive earnings in Q3 since U.S. sales might see a dip owing to supply issues for tumour drug Lanreotide
** Avg rating of analysts on CIPL a "hold"; median PT is at 1,660 rupees - LSEG data
** Stock up ~24% so far this year vs a 32% rise in Nifty pharma index .NIPHARM
Reporting by Dimpal Gulwani in Bengaluru
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