Independent News and Media share price target reduced sharply by Davy

INDEPENDENT News & Media (INM), which reveals first-half figures tomorrow, has had its share price target sharply reduced by Davy Stockbrokers.

Independent News and Media share price target reduced sharply by Davy
Tue, 26 Aug, 2008 - 01:00

The price dropped from from €3.85 to €1.95 in order to reflect falling company valuations in the media marketplace.

However, rather than referring to it as a marked reduction, Davy media analyst Stephen Furlong said the new price reflected current market conditions rather than anything else.

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CourtsPlace: South AfricaPlace: IndiaPlace: IndonesiaPerson: DavyPerson: Davy StockbrokersPerson: Stephen FurlongPerson: FurlongOrganisation: News & MediaOrganisation: INMOrganisation: DavyOrganisation: INMS
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