0224 GMT [Dow Jones] STOCK CALL: Goldman Sachs keeps its Buy rating on Leighton (LEI.AU) despite the resignation of Chairman Stephen Johns and two other directors, over a breakdown in relations with major shareholder, Hochtief (HOT.XE). "We retain our Buy rating given the company's improving gearing position, finalization of legacy contract issues, leverage to Australian LNG construction projects and offshore earnings growth," say analysts Nathan Reilly and Will Charlston in a report. Their price target is A$25.50. LEI is down 7.1% at A$20.17. ([email protected])
LEI Price at posting:
$19.88 Sentiment: None Disclosure: Held
