MARKET TALK: Electrocomponents 1Q Results In Line - KBC

15th Jul 2010 07:48

0648 GMT [Dow Jones] Electrocomponents' (ECM.LN) interim results for 1Q are in line with expectations, representing a continued improvement since May, says KBC Peel Hunt. While the strong recovery performance continues, thinks the market is up with events, with the shares recovering from the recent dip to around 210p. Notes that comparatives will get tougher as it heads into '11. Keeps at hold, with 235p price target. Shares closed on Wednesday at 236.7p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 15, 2010 02:48 ET (06:48 GMT)