Business|Economic Times|Apr 24
Dr Reddy’s shares fall 2% after Goldman Sachs downgrades, Citi turns cautious
11% to Rs 1,303 on Friday, as cautious commentary from global brokerages Goldman Sachs and Citigroup dampened investor sentiment and reignited concerns over the company’s near-term growth prospects, according to a research note reported by ETNow. Goldman Sachs turns cautious, trims outlook sharply The brokerage downgraded the stock to “Sell” and sharply cut its target price to Rs 1,075 from Rs 1,225, signalling potential downside from current levels.
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