MARKET TALK: Deutsche Bank Lowers Fastweb To Hold

30th Jul 2010 07:52

0652 GMT [Dow Jones]--Deutsche Bank analysts cut Fastweb (FWB.MI) to hold from buy and lower target price by 8.8% to EUR15.50 to reflect disappointing quarterly results. Analysts acknowledge that the stock is cheap by the news flow is not helpful and believes that the company could benefit from aggregation with BT Group (BT) or Wind. They also lower 2010-2012 sale by up to 5% to reflect lower subscriptions and corporate revenues. Shares Thursday closed at EUR12.10. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 30, 2010 02:52 ET (06:52 GMT)

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