MARKET TALK: RBS Raises Weir Group Price Target

16th Jun 2010 07:40

0640 GMT [Dow Jones] Royal Bank of Scotland raises Weir Group (WEIR.LN) price target to 1337p from 1194p following the company's strong trading update and the announcement of its acquisition of Malaysia-based Linatex. Says the minerals division and SPM continue to trade very well in 2Q '10. Adds the acquisition of Linatex should result in cost and sales synergies in '11/'12. Has buy rating on the stock. Shares closed Tuesday at 1087p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 16, 2010 02:40 ET (06:40 GMT)