Jefferies Cuts Goodman Price Target 14% to A$30.35
Jefferies cut its price target on Goodman by 14% to A$30.35 a share, citing emerging risks, while its analyst said the stock selloff looks overdone. Goodman ended Wednesday at A$26.68, around 18% below its June high.
Goodman's bull at Jefferies thinks the recent selloff in the industrial property owner's stock is overdone. That view holds even after Jefferies cut its price target by 14% to A$30.35/share to reflect emerging risks. Goodman ended Wednesday at A$26.68, down around 18% from its June high. Analyst An…