Lloyds TSB "reduce"

01/02/07 - Dresdner Kleinwort Wasser.

LONDON, January 2 (newratings.com) - Analysts at Dresdner Kleinwort maintain their "reduce" rating on Lloyds TSB Group (LLOY-GBX). The target price is set to 520p.

In a research note published this morning, the analysts mention that the company is offering a free iPod shuffle scheme for new student accounts, "subject to availability" of the iPod stocks. RBS continues to lead the market, with over 40% share of the new student accounts, the analysts add.