China Overseas Land & Investment (OTCMKTS:CAOVY) was downgraded by The Goldman Sachs Group from a “conviction-buy” rating to a “buy” rating in a report issued on Thursday, The Fly reports.

Shares of CAOVY opened at $12.47 on Thursday.

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China Overseas Land & Investment Limited, an investment holding company, engages in the property development and investment, and treasury operations.…

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