CEZ Ditched by Goldman Sachs Slumps to Lowest Price in 16 Months

  • Goldman cuts 2015-2018 earnings projections for Czech utility
  • Electricity price slumps to record low amid lackluster demand

CEZ AS tumbled to a 16-month low after Goldman Sachs Group Inc. recommended selling the shares of the biggest Czech power producer because of a worsening earnings outlook.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.