Goldman cuts DLF to 'neutral' from 'buy'

Last Updated: Thu, Oct 11, 2012 04:38 hrs

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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