MARKET TALK: Seymour Pierce Lifts Michael Page To Hold

9th Jul 2010 08:13

0713 GMT [Dow Jones] Seymour Pierce upgrades Michael Page International (MPI.LN) to hold from sell and raises target price to 375p as the company returns to more normal levels of business. "But we are still cautious about the medium term outlook for recruitment markets," says the analyst. Will be upgrading full-year gross profit forecast "in due course." Says that Michael Page reported 30% growth in profits, which "is significantly better than expected and compares with an 8% increase at Hays (HAS.LN)." Shares +3.3% at 399p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 09, 2010 03:13 ET (07:13 GMT)