News Snapshot:
Zacks Investment Research upgraded shares of City Developments (OTCMKTS:CDEVY) from a sell rating to a hold rating in a report published on Tuesday morning, Zacks.com reports. According to Zacks, “City Developments Limited (CDL) is one of the largest real estate companies of Singapore. By market capitalization, the firm’s income-stable and geographically-diversified portfolio comprises residences, offices, hotels, serviced apartments, integrated developments and shopping malls. CDL has hotel assets in one of the world’s largest hotel groups – its London-listed subsidiary, Millennium & Copthorne Hotels plc (M&C), has over 130 hotels globally, many in key gateway cities. Globally, CDL has developed over...
