The downgrade to Hold with a PHP15.50 target sits well below the PHP26.63 consensus, making COL a notable outlier bear on the Philippine developer. Such a wide gap to street suggests either a contrarian valuation or growth concern not yet reflected by peers. The divergence is worth watching for whether other analysts follow with cuts.
Ayala Land (PSE:ALI) has an average rating of buy and mean price target of 26.63 Philippine pesos, according to analysts polled by FactSet.
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Goldman Sachs on Friday downgraded Dutch lighting company Signify (LIGHT.AS) to neutral from buy, while maintaining its price target at 21 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Citi on Friday raised life-saving technology group Halma (HLMA.L) to buy from neutral and increased its price target to 46 pounds sterling from 37 pounds.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Riyad Capital on Thursday decreased the price target for Saudi Arabian medical services company and pharmacy operator Al-Dawaa Medical Services (SASE:4163) to 45 Saudi riyals from 50 riyals and kept its neutral rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)