MARKET TALK: KBC Raises Aggreko Price Target

8th Jun 2010 10:51

0951 GMT [Dow Jones] KBC Peel Hunt raises Aggreko (AGK.LN) price target to 1400p from 1200p following the company's better than expected 1H trading update. Says International Power Projects continues to perform well. Also notes the fact management has increased group capex guidance to GBP265M from GBP220M. KBC anticipates raising its '10 EPS estimate by 10% to 67p. Reckons the shares are likely to edge higher in the near term. Keeps at hold. Shares +3% at 1395p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 08, 2010 05:51 ET (09:51 GMT)