UK MARKET TALK ROUNDUP: BROKERS COMMENTS

9th Jun 2010 07:23

Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0623 GMT [Dow Jones] UBS initiates coverage of Prudential (PRU.LN) with a buy rating and 641p price target. Says the valuation is attractive relative to Asian peers. Also points to the group's strong operational record and the likelihood it will recover from the current depressed sentiment in the wake of the failed AIA deal. Says: "The problems surrounding the AIA deal do not affect the fact that the group performed strongly during the bear market, pro-actively defending its balance sheet strength, demonstrating impressive control of guarantee and investment risk and maintaining operating earnings momentum." Expects this strategy to continue. Shares closed at 525p. ([email protected]) Contact us in London. +44-20-7842-9288 [email protected] (END) Dow Jones Newswires June 09, 2010 02:23 ET (06:23 GMT)