MARKET TALK: ING Nudges Up Travis Perkins Price Target

5th Jul 2010 07:17

0617 GMT [Dow Jones] ING nudges up Travis Perkins (TPK.LN) price target to 965p from 960p following the company's positive 1H trading update. Says management's confidence in the group's business and cash generation were shown by an indication that dividends would resume this year with an interim dividend of 5p. Expects better growth in '10 and says margins/profits are likely to be stronger than consensus. Also notes there is no apparent rival bid for BSS Group (BTSM.LN). Keeps Travis Perkins at buy. Shares closed Friday at 754p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 05, 2010 02:17 ET (06:17 GMT)