MARKET TALK: HSBC Cuts Carpetright Price Target

30th Jun 2010 11:14

1014 GMT [Dow Jones] HSBC cuts Carpetright (CPR.LN) price target to 690p from 830p following the company's FY results. Carpetright's weak outlook will drag on the share price performance, says HSBC. Still, "overall, we remain optimistic on positive surprises in loan growth and margin expansion this year and thus would remain positive across most of our coverage universe." Keeps the stock at neutral. Shares +0.4% at 642p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 30, 2010 06:14 ET (10:14 GMT)