The company's decision to split its passenger and commercial vehicle businesses was cheered by brokerages. While global brokerage firm Morgan Stanley assigned an 'overweight' call on Tata Motors on March 5, Nomura has a "buy" call and a target price of Rs 1,057, which is a 7 percent upside from the current market price. It said in the medium term, the businesses should be able to pursue their respective strategies with greater freedom. And, rating agency Moody's on March 6 said that it has affirmed Tata Motors' BA3 ratings with outlook remaining positive.