MARKET TALK: Citigroup Raises Aggreko To Buy From Hold

16th Jun 2010 07:43

0643 GMT [Dow Jones] Citigroup upgrades Aggreko (AGK.LN) to buy from hold, and lifts its target price to 1733p from 1450p. Says the investors' trip to Africa highlighted the sheer magnitude of opportunity which Aggreko has over the short, medium and long run in temporary power. "We think there are many years of growth in prospect," it says. Also thinks the company has developed a virtuous cycle "based on its excellent brand, reputation, capital investment and profitability." Shares closed at 1445p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 16, 2010 02:43 ET (06:43 GMT)