GOLDMAN REMAINS NEUTRAL ON COMMODITIES NEAR-TERM
DATE: 25/04/2012
Goldman Sachs maintained its near-term neutral recommendation on the commodities complex as a whole on renewed euro zone debt concerns and a modest slowing in U.S. growth, despite signs of China beginning to pick up after a policy induced slowdown late last year.
"Although the recent decline in commodity prices has opened up modest upside relative to our near-term price targets, we maintain our neutral recommendation, as the downside risks remain high in the very near term,"
However, the bank said it was overweight on commodities in a 12-month horizon, citing expectations of tightening fundamentals during second half of 2012.
"Although the recent decline in commodity prices has opened up modest upside relative to our near-term price targets, we maintain our neutral recommendation, as the downside risks remain high in the very near term,"
However, the bank said it was overweight on commodities in a 12-month horizon, citing expectations of tightening fundamentals during second half of 2012.
POWERED BY: THE ECONOMIC TIMES
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