MARKET TALK: Investec Raises Gooch & Housego Price Target

13th Jul 2010 12:22

1122 GMT [Dow Jones] Investec Securities raises Gooch & Housego (GHH.LN) price target to 250p from 235p following the company's unexpected but positive trading update. Investec says it reflects the successful implementation of initiatives to increase manufacturing capacity during 2Q'10 to meet strong demand levels. "We do not believe the increased demand to be a short-term phenomenon, as much of it relates to newly won long-term programs in areas such as aerospace and defence." Keeps at buy. Shares +16% at 259p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 13, 2010 07:22 ET (11:22 GMT)