China Coal Energy downgraded to Sell from Neutral at Goldman Sachs

Goldman Sachs downgraded China Coal Energy (CCOZF) to Sell from Neutral with a price target of HK$7.50, down from HK$8.60. At the sector level, the firm revised its 2024-26 earnings forecasts based on updated price/margin assumptions for cement, aluminum/alumina, copper, coal, steel, and paper.