MARKET TALK: Reed Elsevier 1H Strong - ING

29th Jul 2010 09:58

0858 GMT [Dow Jones] ING analyst says Reed Elsevier (REN.AE) reported a generally strong set of numbers caused by strong performance from Elsevier, in-line growth from Lexis but weaker than expected margins and a stabilisation of Exhibitions and RBI with excellent cost control. Says although Reed isn't out of the woods, analyst expects consensus expectation numbers will increase as Reed's cyclical business starts to stabilize. Rates stock buy. Target EUR9.3. Shares +4.2% at EUR9.97. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 29, 2010 04:58 ET (08:58 GMT)