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Singapore Exchange upgraded to Neutral from Sell at Goldman Sachs

Goldman Sachs upgraded Singapore Exchange (SPXCY) to Neutral from Sell with a price target of S$13, up from S$10.80. The firm, which notes that more than 60% of Singapore Exchange’s top line is less dependent on local stock market price movements, believes its diversified business model is “a strength in a volatile market,” the analyst tells investors.

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