Damning report on BSkyB:
“Sky will miss 10m 2010 target”
BSkyB’s share price wasn’t helped last week by a major report from investment bankers Morgan Stanley, which downgraded Sky stock to “underweight”, and marked down their expectations from typically 530p a share, to a dramatically revised 480p a share (“Sky has a limit”, June 1). And when one remembers that Morgan Stanley’s previous target price was 610p, then the new price is all the more shocking.

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