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Barloworld declines on rating downgrade

August 3 2012 at 11:59am
By Reuters

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CorporateBusiness

A ratings downgrade and a target price reduction for Barloworld depresses the mining equipment supplier's stock more than 2.6 percent to 79.85 rand.

Brokerage Macquarie has lowered Barloworld's rating to neutral from outperform and cut its target price to 77.50 rand from 108 rand. - Reuters


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