STOCKS NEWS EUROPE-JJB falls as Goldman cuts price target

Shares in JJB Sports (JJB.L) fall 6 percent to 19.75 pence after Goldman Sachs slashes its 12-month price target on the British sports retailer to 25 pence from 42 pence.

"We still forecast that the company will be loss-making for the next two years, recording its next profit in full-year 2012. However, the magnitude of our forecast losses is now larger, predominantly as a result of the lower sales densities in our assumptions," the broker says in a research note.

JJB shares have been under pressure this week after it confirmed on Saturday it was considering an equity raising.

For more click on [ID:nL4496272] [ID:nL7713111]

Reuters messaging rm://james.davey.reuters.com@reuters.net