Major Adani investor GQG shares fall 13% after analyst downgrade
- Posted on December 2, 2024
- By Business News Today
- 3 Views
Major Adani investor GQG shares fall 13% after analyst downgrade
Shares of GQG Partners dropped 13% after UBS analysts downgraded the stock, following an estimated loss of A$600 million in funds under management due to Adani Group's indictment. UBS revised its rating from buy to neutral and reduced the price target to A$2.30 from A$3.30.
