One leading broker doesn’t believe this result makes its shares a buy.According to a note out of Goldman Sachs, whilst its result and guidance were largely in line with its expectations, the broker continues to believe it shares are overvalued at the current level.After a quick look through its result, the broker has held firm with sell rating and $1.80 price target. This price target implies potential downside of almost 28% for its shares.Maybe this is why SP is being held back...
From the MF today..
Will have to wait until GS changes their stance in typical fashion before pendulum swings.
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Ann: Full Year Financial Results Presentation, page-26
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