MARKET TALK: Credit Suisse Cuts Man Group Price Target

8th Jul 2010 10:09

0909 GMT [Dow Jones] Credit Suisse cuts Man Group (EMG.LN) price target to 260p from 280p, to reflect the shares going ex 2H dividend of 17p. CS says assets-under-management at the end of June are in line with its forecast, while net outflows of $1B for the period are slightly worse than Credit Suisse's forecast of $700M and broadly in line with the run-rate in previous quarters. CS says valuation is cheap but not yet compelling. Neutral rating. Shares +1.1% at 219.5p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 08, 2010 05:09 ET (09:09 GMT)