MARKET TALK: Canaccord Lifts IG Group Target Price To 520P

21st Jul 2010 16:03

1503 GMT [Dow Jones] Cannacord raises its target price for IG Group (IGG.LN) to 520p from 485p, and keeps a buy rating "to reflect slightly faster revenue growth assumptions," which it pegs at 12% to 13% a year over the next few years. IG Group stock is up 10% at 488p, also helped by an earlier target price upgrade by Bank of America Merrill Lynch, to 500p from 485p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 21, 2010 11:03 ET (15:03 GMT)

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