MARKET TALK: Investec Initiates Coverage of IQE At Buy

16th Jul 2010 10:06

0906 GMT [Dow Jones] Investec initiates coverage of IQE (IQE.LN) at buy with 27p price target. Thinks the company stands to be a key beneficiary of the forecast strong demand for handsets and other wireless devices globally. Says while the business model is underpinned by wireless, there may be substantial opportunity in solar power, solid state LEDs, and lasers for storage, communications and other consumer applications. Shares are -1.2% at 22p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 16, 2010 05:06 ET (09:06 GMT)