MARKET TALK: Goldman Sachs Downgrades Weir To Neutral

20th Jul 2010 09:26

0826 GMT [Dow Jones] Goldman Sachs downgrades Weir Group (WEIR.LN) to neutral from buy, following a period of outperformance since the company raised 1H pretax profit guidance by more than 50% in June. Says Weir no longer has among the highest potential target price upside in Goldman's coverage. Still thinks Weir's shares are an attractive way of getting exposure to the minerals, oil & gas and power generation sectors. Says these markets should enjoy attractive structural growth over the next cycle. Keeps 1550p price target. Shares are -1.2% at 1168p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 20, 2010 04:26 ET (08:26 GMT)