Broker snap: Bid hopes fade for Pilkington

Pilkington was downgraded to 'hold' from 'add' at DKW as a rush of bid speculation recently pushed up its share price. DKW said it does not foresee a takeover but didn’t rule out a foreign investor running the slide rule over the group with a 132p price target.

In the short term, the broker has taken a 'trading sell' stance with a 125p target.

600450 Broker snap: Bid hopes fade for Pilkington
Date: 18 August 2005

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