Shares in major Adani investor GQG plunge

Adani investor GQG's shares plunge over 15% after UBS downgrades stock, cuts target price
UBS also cut its target price on the firm from AU$3.30 to AU$2.30, and this marks the Swiss bank's first ever downgrade of the stock since its listing.
Major Adani investor GQG shares fall 13% after analyst downgrade
Shares of Australian-listed GQG Partners fell 13% on Monday after UBS analysts downgraded the stock and estimated the firm could have lost A$600 million ($390 million) in funds under management following the Adani Group indictment.
GQG shares tank on UBS downgrade
Shares in GQG Partners dived on the ASX after UBS downgraded its rating on the fund manager due to a slowdown in flow momentum.
Investors pull $1.5b from GQG amid Adani allegations
The Adani bribery charges have sparked a “snap change” in client flows for the fund manager and research analysts are cutting their price targets.
Shares in major Adani investor GQG plunge after analyst note on outflows
SYDNEY (Reuters) -Shares of Australian-listed GQG Partners tumbled 13% on Monday after UBS downgraded the stock and said the firm may have lost A$600 million ($390 million) in funds under management in the two days following the indictment of Adani Group executives.
Adani Green’s woes weigh on GQG Partners’ share price after UBS downgrades fund’s stock
GQG Partners shares drop after UBS downgrade due to Adani Group ties, while Adani Green Energy faces uncertain future.
Shares in GQG Partners tumble after UBS downgrade
Dec 2024 - Shares in GQG Partners (ASX:GQG) tumbled today after UBS downgraded the company from a buy to a neutral and reduced the stock's price target from $3.30 to $2.30.
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