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DJ MARKET TALK: Goldman Sachs Cuts EMI Price Target
10/11/06 - Dow Jones Newswires
0845 GMT [Dow Jones] Goldman Sachs cuts EMI Group (EMI.LN) target to 291p from 303p, and reiterates a neutral rating ahead of its October 16 trading statement. Expects a weak 1H performance in Recorded Music, and forecasts a drop of 6.5% for 1H and flat growth for the full year. Believes full year consensus market growth estimates of +1% to +1.5% are overly optimistic, and sees significant risk of market downgrades. Trades -0.7% at 262.25p. (KHO)
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(END) Dow Jones Newswires
October 11, 2006 04:45 ET (08:45 GMT)
Copyright (c) 2006 Dow Jones & Company, Inc.
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