MARKET TALK: Panmure Upgrades Enterprise Inns To Hold

16th Jul 2010 10:02

0902 GMT [Dow Jones] Panmure Gordon upgrades Enterprise Inns (ETI.LN) to hold from sell. Notes the pub company reporting season has started encouragingly, with upbeat comments on current trading from Greene King (GNK.LN), Punch Taverns (PUB.LN) and JD Wetherspoon (JDW.LN). Expects other operators to echo these comments over the following couple of weeks. "As such, and given the around 32% fall in the share price since the group's interim results, we upgrade our Enterprise Inns' recommendation from sell to hold whilst retaining our 90p price target." Shares +0.4% at 95p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 16, 2010 05:02 ET (09:02 GMT)