MARKET TALK: Panmure Downgrades Cranswick To Hold From Buy

13th Jul 2010 09:08

0808 GMT [Dow Jones] Panmure Gordon downgrades Cranswick (CWK.LN) to hold from buy, noting the shares have risen around 13% this year. "We continue to believe that the company remains well positioned to deliver further growth but view the shares as fairly valued at current levels." Says the company's 1Q update is in line with expectations, with most of the divisions performing strongly. Has 880p price target on the stock. Shares +0.5% at 864p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 13, 2010 04:08 ET (08:08 GMT)