MARKET TALK: S&P Equity Research Cuts Reckitt Target

21st Jul 2010 12:11

1111 GMT [Dow Jones] S&P Equity Research cuts Reckitt Benckiser (RB.LN) price target to 3600p from 3700p following recent declines in peer multiples. It notes the company's proposed acquisition of SSL International (SSL.LN) and says if it is completed, it will re-gear Reckitt and enhance its EPS from '11. "We view this proposed acquisition as sensible though not inexpensive." Keeps Reckitt rated hold. Shares +2.5% at 3268p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 21, 2010 07:11 ET (11:11 GMT)