KDG “overweight” says JP Morgan

JP Morgan has given German cable operator KDG a boost by giving it an “overweight” rating and a €30 share price target.

The investment bank said the company will report full fiscal 2009/2010 EBITDA of €655m and that the the 2010/2011 forecast would have a positive effect on the future performance of the company’s shares. Shares opened at €23.50 this morning.