MARKET TALK: Land Securities Is Delivering - JPMorgan

21st Jul 2010 07:54

0654 GMT [Dow Jones] Land Securities Group (LAND.LN) is "delivering as you like to see in the current market," says JPMorgan. Has three main points: the company confirms the start of Trinity Leeds Shopping Center development, which is welcome; it delivers on targets, including progress on its development pipeline, sales and acquisitions, and "exactly what you would like to see in this type of environment; and Land Securities maintained its medium-term recovery outlook. Has neutral rating, with a target price of 765p. Shares closed at 581p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 21, 2010 02:54 ET (06:54 GMT)