UBS Downgrades Adani Investor GQG
This is a New York news story, published by CNBC, that relates primarily to Gautam Adani news.
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Adani EnterprisesCNBC
•Adani investor GQG's shares plunge over 15% after UBS downgrades stock, cuts target price
77% Informative
UBS cut target price on GQG to Australian dollars $ 2.30 from AU$3.30 .
This is the Swiss firm's first ever downgrade of the stock since it began covering it in 2022 .
The Australian -listed investment firm is the fourth largest investor in flagship Adani Enterprises .
Adani Group Chair Gautam Adani was charged with fraud in New York on Saturday .
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