MARKET TALK: Evolution Cuts Imagination Technologies To Add

1140 GMT [Dow Jones] Evolution Securities downgrades Imagination Technologies (IMG.LN) to add from buy, saying near-term upside is limited by demanding expectations. "Although the hype surrounding the iPhone 4 may help Imagination back to 300p at some point over the next few weeks, we think a comfortable beat of this year's 200 million shipment forecast is needed to take the shares far beyond 300p." Has 300p price target on the stock. Shares -3.2% at 275p. (michele.maatouk@dowjones.com) Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com (END) Dow Jones Newswires June 25, 2010 07:40 ET (11:40 GMT)