Thursday May 29, 11:35 AM
Broker snap: Man profits rise cheers Credit Suisse
LONDON (ShareCast) - Credit Suisse has lifted its price target on Man Group (LSE: EMG.L - news) by 3-p to 670p and retained its 'outperform'
stance after the hedge fund manager reported a rise in full-year profits.Pre-tax profit in the year to 31 March 2008 rose 60% $2,079m from $1,301m the year before. Analysts had pencilled in a pre-tax profit figure of to $1,946m.
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