<ul data-eligibleForWebStory="false">Nuvama downgrades Trent Ltd. to 'hold' and lowers target price, citing near-term challenges and stretched valuation.Macquarie maintains 'underperform' rating for Trent with concerns about growth trajectory and achieving goals.Trent reaffirms 25% growth target for FY26, but current performance falls short according to Nuvama.Both brokerages discuss Trent's expansion plans, historical performance, and focus on Star Bazaar's growth potential.