08/27/1998 09:02:38 Credit Suisse Group down more than 5 pct
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
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