MARKET TALK: Goldman Nudges Down Severn Trent Price Target

15th Jun 2010 12:54

1154 GMT [Dow Jones] Goldman Sachs nudges down Severn Trent (SVT.LN) price target to 1313p from 1338p, mainly reflecting higher net debt than the brokerage had previously forecast. Says this is partly offset by a positive mark-to-market move on debt. Meanwhile, says the FY results released in May were ahead of expectations, due to a combination of better cost control and lower interest charges. Keeps at neutral. Shares +0.3% at 1288p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 15, 2010 07:54 ET (11:54 GMT)

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