View the article online at http://citywire.co.uk/wealth-manager/article/a245669
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.
News sponsored by:
Ian McVeigh and Steve Davies, managers of Jupiter's UK Growth fund, talk about their predictions for the UK equity space. Click here to watch a series of sponsored interviews with Jupiter's fund managers on the UK equity market.