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Business News/ Companies / News/  Goldman cuts DLF to ‘neutral’ on slowing project launches
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Goldman cuts DLF to ‘neutral’ on slowing project launches

Reuters

Goldman also removed DLF from its Asia-Pacific buy list

Goldman cuts DLF 12-month target price to Rs 224 from Rs 257. Photo: Pradeep Gaur/Mint (Pradeep Gaur/Mint)Premium
Goldman cuts DLF 12-month target price to Rs 224 from Rs 257. Photo: Pradeep Gaur/Mint
(Pradeep Gaur/Mint)

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 ₹ 224 from ₹ 257. Reuters

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Published: 11 Oct 2012, 09:22 AM IST
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