MARKET TALK: Seymour Pierce Cuts Homeserve To Hold

30th Jul 2010 08:19

0719 GMT [Dow Jones] Seymour Pierce downgrades Homeserve (HSV.LN) to hold from buy, with a target price of 2200p. The 1Q trading update is low in detail, although Homeserve indicated progress in the year to date is in line with its expectations. Seymour says it has no doubts about the quality of the Homeserve business model and it sees significant growth opportunities in Europe and the US, although the share price is now ahead of events. Shares -1.6% at 2265p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 30, 2010 03:19 ET (07:19 GMT)