MARKET TALK: Royal Bank of Scotland Lifts Senior Price Target

29th Jun 2010 08:51

0751 GMT [Dow Jones] Royal Bank of Scotland lifts Senior (SNR.LN) target to 140p from 128p. Says the trading update is robust, indicating that 1H '10 profits will be in line with management's expectations. Says the company's cash flow has also been strong and despite a GBP8M-GBP10M currency impact, it expects debt at end-June '10 to be below FY '09 debt of GBP102.3M. Thinks further upgrades could be on the cards later in the year. Thinks current weakness in the share price represents a buying opportunity. Keeps at buy. Shares -0.9% at 125p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 29, 2010 03:51 ET (07:51 GMT)