MARKET TALK: Evolution Securities Initiates Experian At Buy

1st Jul 2010 09:54

0854 GMT [Dow Jones] Evolution Securities initiates coverage on Experian (EXPN.LN) with a buy rating and 767p target price, which implies 26% upside. Brokerage says its analysis correlates with Experian management's view of improving operating conditions that have led the company to guide for a pick-up in organic revenue growth. "Furthermore, our model suggests that, were end-2011 net debt levels maintained, Experian could buy 13% of its shares outstanding back by end-FY13, in addition to the 3% current buy-back program and 3% dividend yield," it adds. Shares -0.9% at 581p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 01, 2010 04:54 ET (08:54 GMT)