MARKETS SPECTATOR: Goldman's iron sinker

Goldman Sachs sees a lower iron ore price than previously expected and has downgraded 12-month price targets for BHP Billiton, Rio Tinto and Fortescue.

In a commodities research note issued this morning, Goldman Sachs has moved to a more neutral outlook for iron ore prices from current levels and modestly lowered its 2013 average price forecast to $US139/t from $US144/t.


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