Investment bank Morgan Stanley cut its earnings forecast for British gases company BOC Group Plc the first week of February by 12% for the current year and 13% next year, which it said was due to acco…
Investment bank Morgan Stanley cut its earnings forecast for British gases company BOC Group Plc the first week of February by 12% for the current year and 13% next year, which it said was due to accounting changes. Morgan Stanley said it had retained its “neutral“ recommendation on the stock. The bank said first quarter results from BOC showed improved margins in gases offset by continued weakness in BOC Edwards, and it said an upturn in the unit is not likely until the second half of the financial year to September.