MARKET TALK: Panmure Downgrades CVS Group To Hold From Buy

30th Jun 2010 10:56

0956 GMT [Dow Jones] Panmure Gordon downgrades CVS Group (CVSG.LN) to hold from buy and cuts target price to 109p from 200p following the company's profit warning. "With LFLs yet to recover we now feel we are in unchartered territory and believe it will take some time for confidence to return." Brokerage awaits further developments when the company reports its FY number on September 10. Shares +2.9% at 105p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 30, 2010 05:56 ET (09:56 GMT)