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Which 3 Stocks Would Warren Buffett Buy?Broker snap: finnCap downgrades LSL to hold
22-12-2011 11:12
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finnCap has downgraded LSL Property Services from buy to hold and reduced its target price from 270p to 250p.
"Weak markets remain the biggest frustration for the group and the recent FSA paper on mortgages will hardly help," said analyst Duncan Hall.
The broker said that the inactive UK housing market leaves the firm's trading outlook for 2012 and 2013 "somewhat clouded".
"Until housing transaction levels increase from lows of 0.5m and the re-tender of the Lloyds surveying contract is secured, we anticipate that interest in the shares will remain subdued," Hall said.
Shares were flat at 235p at 11:12 on Thursday.
BC
"Weak markets remain the biggest frustration for the group and the recent FSA paper on mortgages will hardly help," said analyst Duncan Hall.
The broker said that the inactive UK housing market leaves the firm's trading outlook for 2012 and 2013 "somewhat clouded".
"Until housing transaction levels increase from lows of 0.5m and the re-tender of the Lloyds surveying contract is secured, we anticipate that interest in the shares will remain subdued," Hall said.
Shares were flat at 235p at 11:12 on Thursday.
BC
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