MARKET TALK: Goldman Sachs Lifts Weir Target Price, EPS

24th Jun 2010 07:48

0648 GMT [Dow Jones] Goldman Sachs raises Weir Group (WEIR.LN) price target to 1550p from 1447p as it adjusts estimates to reflect stronger market recovery in '10, a stronger SPM business, and the Linatex acquisition. Raises '10/'11/'12 EPS estimates by 14%/8%/6% respectively to 91p/101p/112p. "We continue to view Weir shares as an attractive way of gaining exposure to the minerals, oil and gas and power generation sectors, markets we believe should enjoy attractive structural growth over the next cycle." Reiterates buy rating. Shares closed Wednesday at 1102p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 24, 2010 02:48 ET (06:48 GMT)