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Goldman cuts DLF to 'neutral' on slowing project launches

Also removed DLF from its Asia-Pacific buy list and cut its 12-month target price to Rs 224 from Rs 257

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Reuters 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.

 

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First Published: Oct 11 2012 | 8:59 AM IST

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