DJ MARKET TALK: MAN Seen Supported By VW Conference Call -HVB

10/10/06 - Dow Jones Newswires

0725 GMT [Dow Jones] HVB maintains MAN (MAN.XE) at underperform, with a EUR60 price target, following Volkswagen's (VOW.XE) recent conference call. Says the conference call shed new light on the Scania (SCV-A.SK) takeover. Notes Volkswagen's CEO prefers a friendly solution, but continues to apply pressure to both sides. Brokerage believes "the conference call will provide additional support for MAN shares given that Volkswagen did not rule out increasing its stake to below 30%." Shares trade -0.3% at EUR68.28. (JAS)

 
Contact us in London. +44-20-7842-9464 
Markettalk.eu@dowjones.com 
 
 

(END) Dow Jones Newswires

October 10, 2006 03:25 ET (07:25 GMT)

Copyright (c) 2006 Dow Jones & Company, Inc.