MARKET TALK: Ashtead Showing Early Signs Of Improvement

17th Jun 2010 11:24

1024 GMT [Dow Jones] Ashtead's (AHT.LN) FY results show early signs of improvement, particularly in the US, suggesting that the bottom of the cycle has been passed, says Investec Securities. It notes the results beat expectations, with Ashtead gaining market share in both the UK and US, which increases its gearing into the market recovery. Buy recommendation, 140p target. Shares +1.7% at 116p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 17, 2010 06:24 ET (10:24 GMT)