Barloworld declines on rating downgrade

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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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