MARKETS SPECTATOR: Wotif doubters

Goldman Sachs and Credit Suisse have both downgraded Wotif.com after its earnings cast doubt over its ability to handle a highly competitive market.

Wotif.com has this morning been downgraded by a couple of investment banks following yesterday first-half result. Goldman Sachs has cut the group to a sell recommendation from neutral and moved its target price slightly higher to $4.80.

The research houses downgrade was predicated on four concerns:

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