UPDATE 1-RESEARCH ALERT-Panmure cuts Lookers price target


Dec 18 (Reuters) - LOOKERS PLC Current Prior Price target 113 pence 151 pence --Panmure Gordon said its earnings forecasts for the British car dealer might come under increasing pressure over the next 12 months as trading patterns have deteriorated since the first half of September. --"While we continue to believe that Lookers has a strong after sales business, and should continue to outperform most of its peers in both the new and used car markets, we cannot see the shares ...

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