MARKET TALK: KBC Peel Hunt Upgrades Rank Group To Buy

29th Jul 2010 08:46

0746 GMT [Dow Jones] KBC Peel Hunt upgrades Rank Group (RNK.LN) to buy from hold, saying against a tough backdrop Rank has delivered a solid 1H. Says Grosvenor continues to be the star of the show, but Mecca has also shown its first growth in customer visits for a decade. Adds with debt down to GBP133M, the group also has the balance sheet to increase investment in core areas. "In an uncertain market, Rank should continue to outperform," adds KBC. Shares +5% at 115p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 29, 2010 03:46 ET (07:46 GMT)