Friday, December 19, 2008
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India’s numero uno property developer DLF Ltd was downgraded by Merrill Lynch & Co on concern that sales will slow and prices will decline as the nation’s economic growth falters. DLF was lowered to “neutral” by Merrill’s analysts. Indiabulls Real Estate Ltd. was also downgraded to “neutral”.
DLF downgraded by Merrill on slowing growth
India’s numero uno property developer DLF Ltd was downgraded by Merrill Lynch & Co on concern that sales will slow and prices will decline as the nation’s economic growth falters. DLF was lowered to “neutral” by Merrill’s analysts. Indiabulls Real Estate Ltd. was also downgraded to “neutral”.
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