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Wednesday June 17th 2009
Broker's note: HMV
Archived article dated Wednesday June 17th 2009
Altium Securities has upgraded its recommendation on HMV Group from 'Sell' to 'Hold' following a decline in its share price.
The broker has changed its rating after the fall of 8% in the share price since it reduced its recommendation on HMV to 'Sell' on June 8. The decline has pushed the shares down to a current 119p (following the 2% rise today - June 17) that puts them within around 10% of Altium's target price of 110p and prompts the upgrade back to 'Hold'.
Tagged as: HMV | Altium Securities
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