MARKET TALK: Evolution Upgrades Capita Group To Buy

22nd Jul 2010 12:02

1102 GMT [Dow Jones] Evolution upgrades Capita Group (CPI.LN) to buy from add after reporting its strongest bid pipeline for years. The bid pipeline is up 47% year-on-year and 19% sequentially, according to the company's interim results. As a result, Evolution thinks focusing on Capita cautioning that current pressures may affect growth in the short term is "missing the point". Meanwhile, the interim results are broadly in line with consensus estimates. Maintains 820p price target. Shares are +5.0% at 745.5p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 22, 2010 07:02 ET (11:02 GMT)