Exide rallies on Morgan Stanley, Credit Suisse upgrades

Reuters Market Eye - Exide Industries gains 3.2 percent after Morgan Stanley and Credit Suisse upgrade their ratings on the auto battery maker.

Credit Suisse upgrades Exide to "outperform" from "neutral", citing a return in pricing power and a faster-than-expected correction in its replacement segment mix.

Meanwhile, Morgan Stanley upgrades Exide to "overweight" from "equal-weight", also citing a recovery in replacement demand, further noting that Exide is "well placed" to benefit given its dealer network and output capacity.

(Reporting by Abhishek Vishnoi)