Goldman Sachs analyst Xuan Tan downgraded Mapletree Industrial Trust (MAPIF) to Neutral from Buy with a price target of S$2.23, down from S$2.65. The firm expects U.S. dollar weakness to impact the company negatively, believing Mapletree has only partial offset from its natural hedge and rolling income hedges.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MAPIF: