MARKET TALK: Morgan Stanley Raises Croda Price Target

28th Jul 2010 07:14

0614 GMT [Dow Jones] Morgan Stanley raises Croda International (CRDA.LN) price target to 1450p from 1140p. Following the company's 2Q results, the real underlying earnings power of the group's restructured portfolio became apparent. "We believe organic growth, potential cash return to shareholders and improving mix will become the key EPS drivers." This is in stark contrast to the restructuring-driven earnings growth of recent years, MS says. Keeps the stock at overweight. Shares closed Tuesday at 1272p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 28, 2010 02:14 ET (06:14 GMT)