Asciano requested a trading halt yesterday after its shares plunged as much as $1.085 to a record low of 63.5c in the first 20 minutes of trading.
The sell-off was sparked by a massive downgrade from Citigroup analyst Sanjay Magotra, who slashed his target price on the stock from $6.08 to just 82c and reversed his trading recommendation from "buy" to "sell".
Not sure if this is a man bites dog or a dog bites man story...
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