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Goldman cuts DLF to 'neutral' from 'buy'

DLF-GOLDMANSACHS-RATING-NEUTRAL:Goldman cuts DLF to 'neutral' from 'buy'

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Reuters MUMBAI
Last Updated : Jan 25 2013 | 5:33 AM IST

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 rupees from 257 rupees.

 

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First Published: Oct 11 2012 | 9:44 AM IST

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