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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPXCY:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue