MARKET TALK: Liberum Initiates Morrisons With 'Hold'

17th Jun 2010 10:36

0936 GMT [Dow Jones] Liberum Capital initiates coverage on William Morrison (MRW.LN) with a hold rating and 285p target price. "We would expect the new CEO to consider opportunities to enhance growth across the existing network and in this context may revisit the group's low non-food offer and lack of an online presence," the broker says. Shares flat at 264p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 17, 2010 05:36 ET (09:36 GMT)