MARKET TALK: Goldman Sachs Nudges Up Halma Price Target

23rd Jun 2010 09:42

0842 GMT [Dow Jones] Goldman Sachs nudges up Halma (HLMA.LN) price target to 319p from 314p. Says the company's annual results are broadly in line. Sees the new margin guidance from Halma as a small net positive, signaling confidence over retention of cost saving measures taken during FY '09/'10. However, suspects much of the positive news on the medium-term margin outlook is priced in. Keeps a sell rating. Sees 18% upside to the 12-month price target. Shares are -0.2% at 275p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 23, 2010 04:42 ET (08:42 GMT)