MARKET TALK: Panmure Upgrades Capita To Buy From Hold

13th Jul 2010 09:05

0805 GMT [Dow Jones] Panmure Gordon upgrades Capita (CPI.LN) to buy from hold and raises price target to 885p from 750p, noting 19% implied upside to its revised price target. "We are fans of Capita and firmly believe its organic growth profile should gather positive momentum in 2011E and 2012E." As such, expects its valuation to move back towards previous historical trends and at current levels reckons the potential rewards more than outweigh the risks. Shares +0.6% at 747p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 13, 2010 04:05 ET (08:05 GMT)