MARKET TALK: Panmure Upgrades SThree To Buy

16th Jul 2010 10:24

0924 GMT [Dow Jones] Panmure Gordon upgrades SThree (STHR.LN) to buy from hold ahead of the company's final results on July 19. "With ongoing expansion of headcount and offices indicating confidence in a future recovery, this means that we expect profitability to be more 2H-weighted than last year, as previously flagged." That said, the brokerage says that with a solid yield of 4% still on offer and good cyclical upside potential, SThree is an attractive stock to own. I reckons the long-term risk/reward profile is positive from here. Has 330p target. Shares +2.3% at 291p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 16, 2010 05:24 ET (09:24 GMT)