CORRECT: MARKET TALK: Aggreko Update Highlights Progress

8th Jun 2010 08:53

("MARKET TALK: Aggreko Update Highlights Progress -Altium," at 0712 GMT, misstated the price target and omitted the change in the price target. The correct version follows:) 0712 GMT [Dow Jones] Aggreko's (AGK.LN) interim management statement highlights the progress the business has made since the last update to the market on April 16 says Altium. It says underlying 1H growth is now expected to hit the 10% mark, while the outlook will be significantly better than expected in April, based on local businesses' underlying improvement, the extension of the World Cup contract to the domestic area and currency effects. Buy recommendation, target price raised to 1600p from 1350p. Shares +4.0% at 1407p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 08, 2010 03:53 ET (07:53 GMT)