MARKET TALK: S&P Equity Research Cuts Kingfisher Price Target

8th Jun 2010 10:59

0959 GMT [Dow Jones] S&P Equity Research cuts Kingfisher (KGF.LN) price target to 240p from 250p. S&P Equity cites revised forecasts and multiples, due to lower-than-expected sales and retail profit performance from French operations. Still, S&P Equity reckons the underlying story remains intact and it continues to like Kingfisher as a recovery story, with scalable international business. It looks for a stronger performance in France from 2Q'11. Buy rating. Shares -0.4% at 215p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 08, 2010 05:59 ET (09:59 GMT)

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Share	Price	Change
Itim Grou (ITIM)	27.50	34.15%
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Forgent (FORG)	0.0095	3,504,973,467
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