A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 13% and 29% as per analysts’ price targets.Varun Beverages BROKERAGE: HSBC Price Target: Rs 780 CMP: Rs 606 Upside: 29% Has 90% of PepsiCo’s India bottling volume in an unpenetrated soft drink market India’s soft drink market to grow two times the rate of global industry Set for double-digit volume growth in India, where market potential is triple the fi rm’s current client base Federal Bank BROKERAGE: NOMURA Price Target: Rs 240 CMP: Rs 196.70 Upside: 22% Best-placed mid-sized bank to deliver on asset quality and deposit growth New chief KVS Manian’s experience in building low-risk, high RoA at Kotak can aid bank’s RoA profile Near-term cyclical risks should be looked at as opportunities to add stock on correctionsAvenue Supermarts (DMart) BROKERAGE: MORGAN STANLEY Price Target: Rs 5,769 CMP: Rs 5,105 Upside: 13% Demand trends in general merchandise and apparel segments improving over the last few quarters Grocery first strategy will aid in re-engineering growth Remain bullish given the substantial addressable market for grocery, with 96% unorganised