Macquarie dramatically cut its 12-month price target on One97 Communications Ltd., the parent company of digital payments firm Paytm, citing heightened regulatory scrutiny. Macquarie, which famously predicted the slump at Paytm before the listing, lowered its target to 275 rupees ($3.3), the most brutal by any major brokerage firm. Paytm, which ended the Monday trading […]
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