RBS have put out an update, reducing forecasts by 5% for FY09 and 3% for FY10. Target price reduced from 2.15 to 2.10.
Perhaps other brokers have also trimmed their forecasts.
Not that Webster(WBA) has shareholder approval(24 Mar) to sell their TGR shares. They sold some on 8 May, but still hold about 20%. This will remain a drag on SP until completed.
jp morgan , page-5
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