MARKET TALK: KBC Upgrades Hays To Hold

8th Jul 2010 07:47

0647 GMT [Dow Jones] KBC Peel Hunt upgrades Hays (HAS.LN) to hold from sell following the company's in-line 4Q update. Brokerage says the anticipated fall off in the UK public sector work is in KBC's numbers and also in the share price, with the shares off 20% in the last three months. "In the short to medium term we see no catalysts for the stock but we believe the 6.5% yield will underpin the shares." Has a 90p target. Shares closed at 91p Wednesday. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 08, 2010 02:47 ET (06:47 GMT)