JPMorgan analyst Harsh Wardhan Modi downgraded Singapore Exchange (SPXCF) to Underweight from Neutral with a price target of S$12.80, up from S$11. A higher recession probability could suggest weaker volumes over the longer term, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPXCF: