MARKET TALK: Goldman Sachs Upgrades Weir Group To Buy

8th Jun 2010 08:00

0700 GMT [Dow Jones] Goldman Sachs upgrades Weir Group (WEIR.LN) to buy from neutral and lifts the price target to 1447p from 1070p. Says Weir offers attractive exposure to the mining and minerals industries and gas and power generation sectors. Says this should allow the company to enjoy above average structural growth over the next cycle. With Weir shares are trading at an unwarranted discount to the sector on EV/EBIT and PE on '10 and '11 forecasts, thinks the current share price offers an attractive entry point. Shares closed Monday at 894p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 08, 2010 03:00 ET (07:00 GMT)

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