MARKET TALK: RBS Raises Croda International Price Target

29th Jul 2010 12:16

1116 GMT [Dow Jones] Royal Bank of Scotland raises Croda International (CRDA.LN) price target to 1425p from 1100p. Says the company's 1H results indicate a very strong performance, particularly in the 2Q. Given the robust performance in 2Q '10 and a confident outlook statement, raises FY '10 pretax profit and EPS forecasts by 21% to GBP182.5M and 90.6p, respectively, near the top end of consensus estimates. Notes that the shares are at an all-time high but thinks they have further to run. Keeps at buy. Shares +1% at 1279p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 29, 2010 07:16 ET (11:16 GMT)