JLT’s FY2016 results gave hope that we are on the home run – albeit we noted we are still a few miles away. We cut FY2017/18 PBT (Norm) forecasts by 6% and moved to Neutral from Add. A recent presentation has provided us with more comfort that the corner has been turned on guidance (barring major FX moves/extraordinary events) and that the upside potential is improving as we hoped. Right now, we see the share price as up with events and stay at Neutral but maintain a watching brie
19 Jun 2017
Setting out the future stall
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Setting out the future stall
Jardine Lloyd Thompson Group (JLT:LON) | 0 0 0.6% | Mkt Cap: 2,861m
- Published:
19 Jun 2017 -
Author:
Joanna Parsons -
Pages:
2
JLT’s FY2016 results gave hope that we are on the home run – albeit we noted we are still a few miles away. We cut FY2017/18 PBT (Norm) forecasts by 6% and moved to Neutral from Add. A recent presentation has provided us with more comfort that the corner has been turned on guidance (barring major FX moves/extraordinary events) and that the upside potential is improving as we hoped. Right now, we see the share price as up with events and stay at Neutral but maintain a watching brie