Goldman cuts DLF to 'neutral'

DLF-GOLDMANSACHS-RATING-NEUTRAL:Goldman cuts DLF to 'neutral'

Goldman Sachs downgraded DLF to 'neutral' from 'buy', saying slower approvals could result in fewer project launches, while cutting its pre-sale estimates for India's largest property developer.

Goldman also removed DLF from its Asia-Pacific buy list and cut its 12-month target price to 224 rupees from 257 rupees.