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Adani investor GQG's shares plunge over 15% after UBS downgrades stock, cuts target price

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Summary
Nutrition label

77% Informative

UBS cut target price on GQG to Australian dollars $ 2.30 from AU$3.30 .

This is the Swiss firm's first ever downgrade of the stock since it began covering it in 2022 .

The Australian -listed investment firm is the fourth largest investor in flagship Adani Enterprises .

Adani Group Chair Gautam Adani was charged with fraud in New York on Saturday .

VR Score

81

Informative language

84

Neutral language

18

Article tone

formal

Language

English

Language complexity

43

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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