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Broker update: CSFB cuts Kingston

by Andrew Zilouf on Jan 31, 2003 at 12:49

CSFB cuts forecasts at Kingston Communications and Goldman cheers BAA.

* CSFB has cut neutral-rated Kinston Communications' (KCOM) 2003 revenue, EBITDA forecasts by 9% after a disappointing trading update.

The broker has reduced medium-term growth forecasts and downgraded the target price by 29% to 56p.

* Goldman has initiated coverage of BAA (BAA) with an outperform recommendation.

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