MARKET TALK: Seymour Pierce Initiates Aggreko At Outperform

17th Jun 2010 11:00

1000 GMT [Dow Jones] Seymour Pierce initiates coverage of Aggreko (AGK.LN) at outperform with 1555p price target following a visit to Africa. Says the company has significant long-term opportunities and expects the group to continue to generate strong revenue growth in the foreseeable future. It notes Aggreko has an edge over its peers through its scale and geographic reach. "Aggreko's rating is at a premium to a support services peer group. We believe this is justified by the strong growth prospects, solid market position and high margins generated by the company." Shares -0.1% at 1469p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 17, 2010 06:00 ET (10:00 GMT)