Goldman Sachs downgrades Cairn India; removes from Asia Pacific buy list

MUMBAI Mon Dec 10, 2012 8:59am IST

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MUMBAI Dec 10 (Reuters) - Goldman Sachs has downgraded Cairn India to 'neutral' from 'buy', citing expectations of flat to declining earnings growth, based on its medium-term outlook of gradual moderation in oil prices.

The investment bank has also removed the stock from its Asia Pacific buy list. (Reporting by Abhishek Vishnoi; Editing by Prateek Chatterjee)

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