Goldman cuts DLF to ‘neutral’ on slowing project launches

Goldman also removed DLF from its Asia-Pacific buy list
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First Published: Thu, Oct 11 2012. 09 22 AM IST
Goldman cuts DLF 12-month target price to Rs 224 from Rs 257. Photo: Pradeep Gaur/Mint
Goldman cuts DLF 12-month target price to Rs 224 from Rs 257. Photo: Pradeep Gaur/Mint
Updated: Fri, Oct 12 2012. 12 23 AM IST
Mumbai: Goldman Sachs downgraded DLF to ‘neutral’ from ‘buy’, saying slower approvals could result in fewer project launches, while cutting its pre-sale estimates for India’s largest property developer.
Goldman also removed DLF from its Asia-Pacific buy list and cut its 12-month target price to Rs 224 from Rs 257. Reuters
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First Published: Thu, Oct 11 2012. 09 22 AM IST
More Topics: Goldman Sachs | DLF | Rating | Real estate |
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