Goldman Sachs analyst Simon Cheung downgraded Link REIT to Neutral from Buy with a price target of HK$68.90, down from HK$69.60. The analyst cites valuation for the downgrade and views the company’s right issuance as a surprise.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly