UK MARKET TALK ROUNDUP: BROKERS COMMENTS

8th Jun 2010 07:32

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] 0632 GMT [Dow Jones] Credit Suisse raises Johnson Matthey (JMAT.LN) to neutral from underperform, but slightly reduces target price to 1660p from 1670p. Says guidance for 2H has been more cautious. "We are broadly in line with current full year consensus EPS forecasts through FY 2012/13, and as such we see limited drivers for upgrades to consensus forecasts," it adds. Still, brokerage says U.S. heavy duty diesel [HDD] markets are picking up in calendar 2H10. "Johnson Matthey is a leader in the HDD market and we see this is a key growth driver going forward," it adds. Shares closed at 1513p. ([email protected]) Contact us in London. +44-20-7842-9288 [email protected] (END) Dow Jones Newswires June 08, 2010 02:32 ET (06:32 GMT)