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Goldman Sachs lowered price targets for IT stocks by 3% to 32% due to reduced US revenue growth forecasts. LTIMindtree was downgraded to 'Neutral', while Tata Consultancy Services remains better positioned. Wipro and Tech Mahindra may face more significant challenges. Discretionary spending recovery could be further delayed, potentially affecting project scopes and IT spending.
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Those living on the Lower Thames Crossing route tell of their despair at being uprooted.
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The move could be aimed at protecting investors, who helped him buy purchase X, from losing money.
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