The Greencross Limited (ASX: GXL) share price has fallen a...

The Greencross Limited (ASX: GXL) share price has fallen a further 6% to $3.92 a day after the integrated pet care company downgraded its earnings guidance. Today’s decline could be attributable to a broker note out of Deutsche Bank. According to the note, its analysts downgraded Greencross to a sell with a $3.70 price target. Although its shares trade on an undemanding earnings multiple, I wouldn’t be a buyer of its shares just yet after yesterday’s dismal update.

https://www.fool.com.au/2018/05/10/why-these-4-asx-shares-are-sinking-lower-today-9/