MARKET TALK: BAE Systems 1H To Reassure Markets - Investec

29th Jul 2010 09:05

0805 GMT [Dow Jones] BAE Systems (BA.LN) +1.4% at 321p after reporting net profit soared in 1H. These interim results are good, says Investec and should reassure the market. However, Investec doesn't expect to change its top-end-o-the-range forecasts materially. "BAE appears cheap, but for us lacks the catalysts for a proper re-rating," says Investec. Has a hold rating and a 350p target price. Shares +1.4% at 322p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 29, 2010 04:05 ET (08:05 GMT)