0712 GMT [Dow Jones] Merchant John East Securities ups Robert Walters (RWA.LN) to buy from hold. Says the firm had a very strong second quarter with growth accelerating from an already good first quarter. Increases its 2010 pretax profit forecast 42% to GBP10.25M from GBP7.2M and its 2011 view to GBP14M from GBP10.8M. Reckons the increase in activity comes from permanent recruitment. Keeps 240p target price. Shares +7.6% at 210p. (
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[email protected] (END) Dow Jones Newswires July 07, 2010 03:12 ET (07:12 GMT)