EIDOS DOWNED FROM ADD TO REDUCE
Copyright 2004 www.tombraiderchronicles.com

[ February 1st 2004 ]

Analysts at HSBC downgrade Eidos (EIO) from "add" to "reduce." The target price has been reduced from 165p to 142p. In a research note published this morning, the analysts mention that Eidos has projected its 1H FY04 operating profits below the consensus estimates. HSBC considers the current expectations regarding the company's operating performance in 2H FY04 over-optimistic.