IOOF downgraded
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The share price of IOOF Holdings has increased more than 13% since we recommended the company in IOOF dodges the lynch mob (Buy — $8.28) on 11 January 2016 and is now well above our buy price of $9.00. As a result, we are downgrading our recommendation on the company to HOLD.
Note: The Intelligent Investor Growth and Equity Income portfolios own shares in IOOF Holdings. You can find out about investing directly in Intelligent Investor and InvestSMART portfolios by clicking here.
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