MARKET TALK: JPMorgan Raises Standard Chartered Price Target

23rd Jul 2010 11:25

1025 GMT [Dow Jones] JPMorgan Cazenove raises Standard Chartered (STAN.LN) price target to 1920p from 1775p ahead of the 1H '10 results on August 4. Lifts '10 EPS forecast to $1.89 from $1.72 and '11 to $2.30 from $2.17. Thinks Standard Chartered should continue to trade at a premium and so maintains overweight recommendation. Furthermore, thinks it is one of the banks least impacted by regulatory changes in the Morgan Stanley universe. Shares -2.3% at 1800p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 23, 2010 06:25 ET (10:25 GMT)