MARKET TALK: RBS Raises Robert Walters Price Target

8th Jul 2010 12:11

1111 GMT [Dow Jones] Royal Bank of Scotland raises Robert Walters (RWA.LN) price target to 255p from 240p following the company's results. Notes net fee growth exceeded the brokerage's expectations and as a result, raises '10 and '11 EPS forecasts 50% and 30%, respectively. Says once again, the Asia Pacific region was the group's main growth engine. Still, RBS keeps the stock at hold, saying there is insufficient upside to its price target to justify a buy rating. Shares +0.3% at 238p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 08, 2010 07:11 ET (11:11 GMT)