MARKET TALK: Investec Lifts Weir Group Target Price

28th Jun 2010 07:53

0653 GMT [Dow Jones] Investec lifts its price target on Weir Group (WEIR.LN) to 1580p from 1200p, and maintains its buy stance. Cites a further set of material upgrades, an increasingly positive outlook and a greater appreciation of the group's growth prospects following the capital markets day. Says Weir is likely to experience a material re-rating over the next 18 months with the market yet to recognise its status as one of the fastest growing and highest quality stocks in the UK Industrials space. Shares closed at 1081p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 28, 2010 02:53 ET (06:53 GMT)