MARKET TALK: Royal Bank of Scotland Cuts EasyJet Price Target

29th Jul 2010 12:33

1133 GMT [Dow Jones] Royal Bank of Scotland cuts EasyJet (ESJ.LN) price target to 430p from 460p. Royal Bank of Scotland is not tempted to advise investors to take advantage of recent share price weakness. It awaits clarity over the legal dispute with founder Stelios Hadji-Ioannou and over the management's business plan. It says consensus for low cost carriers next year is overly optimistic, given dollar headwinds, taxes following austerity measures and aviation taxation. Hold recommendation. Shares -1.9% at 396p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 29, 2010 07:33 ET (11:33 GMT)

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