Goldman Sachs analyst Simon Cheung downgraded Wharf Real Estate Investment to Sell from Neutral. The analyst believes that the company could suffer from continued slow asset turns, depressed returns from its China residential properties and more volatility from its equity investment portfolio.
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
See the top stocks recommended by analysts >>
Read More on WRFRF: