MARKET TALK: S&P Equity Ups Reed Elsevier Price Target

30th Jul 2010 13:11

1211 GMT [Dow Jones] S&P Equity Research raises Reed Elsevier (REL.LN) price target to 470p from 440p after stronger than expected 1H '10 results, particularly for the Reed Exhibitions business. Notes that the shares reacted positively to the results and so thinks the stock is more vulnerable to a correction later in the year when sluggish academic markets and further research & development may hit margins. Maintains sell recommendation. Shares -0.2% at 551p. [email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 30, 2010 08:11 ET (12:11 GMT)