MARKET TALK: Reckitt Benckiser Buy Accelerates Strategic Shift

21st Jul 2010 07:59

0659 GMT [Dow Jones] Reckitt Benckiser's (RB.LN) acquisition of SSL (SSL.LN) will accelerate its shift to the faster growing and higher margin health and personal care sector, says Chas Manso at Evolution. Says deal has been rumored for many years but now Reckitt has the balance sheet to do it. "The strategic rationale has been apparent for quite some time," he says. He rates Reckitt buy with 3800p target price. Shares closed Tuesday at 3190p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 21, 2010 02:59 ET (06:59 GMT)