Goldman downgrades Genting Singapore to neutral

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TORONTO (April 3): Goldman Sachs analyst Simon Cheung downgraded the recommendation on Genting Singapore Ltd to neutral from buy.

* Genting Singapore had 21 buys, one hold, 0 sells previously: Bloomberg data.

* Analysts lowered their consensus one-year target price for the stock by 6% in the past six months.

Performance Metrics

* Investors who followed Cheung's recommendation would have received a 0.3% return in the past year, the same as the company's performance.

Catalysts and Recent events

* The next annual meeting is on Apr 17.