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Broker tips: Drax, Rio Tinto, Diageo

2015-09-11 16:36:34| Beverages - Topix.net

Drax was under the cosh after Goldman Sachs downgraded the stock to 'sell' from 'neutral' and slashed its price target to 230p from 300p. It said that as regards the outcome of the EU's deliberations on whether to permit the proposed fixed price CfD for Drax's third unit conversion to biomass, the current share price is already discounting a best case scenario.

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