MARKET TALK: Collins Stewart Lowers SThree To Hold

1st Jul 2010 09:49

0849 GMT [Dow Jones] Collins Stewart lowers SThree (STHR.LN) to hold from buy. Reckons the shape the economic recovery will take in Europe and UK is increasingly uncertain. "Although at present there is no evidence to support this, there is the risk that austerity packages and mounting concerns over debt could destabilize candidate confidence and reduce job churn," it says. However, adds the stock yields a very healthy 4.5% at the current share price and brokerage see no risk to the dividend. "We retain our 350p price target but think there will be a more opportune moment to buy the shares," it adds. Shares -2.5% at 246p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 01, 2010 04:49 ET (08:49 GMT)