MARKET TALK: Investec Upgrades Reckitt Benckiser To Buy

16th Jul 2010 09:53

0853 GMT [Dow Jones] Investec upgrades Reckitt Benckiser Group (RB.LN) to buy from hold. Is surprised by the share price weakness since the 1Q results and says the de-rating presents a buy opportunity for investors. Says Reckitt continues to deliver organic growth in its base business, and its superior cash conversion is being undervalued. Says: "To us this represents a unique and valuable investor proposition that should be prized." Cuts the price target to 3560p from 3600p. Shares are +0.3% at 3262p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 16, 2010 04:53 ET (08:53 GMT)