ZURICH, Aug 27 (Reuters) - Shares of Credit Suisse Group
fell more than six percent on Thursday in active trading,
extending recent weakness before recovering slightly.
Shares touched a low of 267 Swiss francs in an averall lower
market before coming back up a bit to stand at 270, down 15, at
around 0845 GMT.
Zuercher Kantonalbank reduced its 12-month price target for
the group to 350 from 450. CS said yesterday global market
turmoil, notably in Russia, had reduced CSFB's net profit to
around $500 million by August 25 from $754 million in the first
half.
((Zurich newsroom +41 1 631 73 40 fax +41 1 202 55 38,
zurich.newsroom@reuters.com))
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