MARKET TALK: RBS Upgrades Reckitt Benckiser To Buy From Hold

17th Jun 2010 07:15

0615 GMT [Dow Jones] Royal Bank of Scotland upgrades Reckitt Benckiser (RB.LN) to buy from hold, and raises its price target to 3600p from 3375p. Notes the continued absence of generic competition for Suboxone as well as more favorable forex rates. Expects 2Q to show continued good progress in the base business in a tough environment. Shares closed Wednesday at 3279p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 17, 2010 02:15 ET (06:15 GMT)

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