** Property developer Ingenia Communities Group INA.AX falls 2.2% to A$5.66; set for biggest intraday pct drop since February 3
** Stock snaps four sessions of gains; tracks losses in Australian markets - broad S&P/ASX 200 index .AXJO down 0.4%
** UBS downgrades to "neutral" from "buy", citing period of strong price outperformance, where INA gained more than the Australian REIT sector
** Upgrades PT to A$6.15 from A$5.79 to factor in upgraded FY25 earnings outlook driven by stronger margins, lower interest costs and lower tax rates
** Stock rated "buy" on avg; median PT is A$5.66 – LSEG
** INA rose 2.9% in 2024
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com;))
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