MARKET TALK: Travis Perkins Reports Very Strong 1H - Liberum

29th Jul 2010 07:47

0647 GMT [Dow Jones] Travis Perkins (TPK.LN) reports very strong 1H numbers and overall performance, says Liberum Capital analyst but adds that outlook might "unnerve" the market. Says that Travis Perkins results are ahead of expectations and "ought to be taken in quite well" as the figures present a scope for upgrades. But adds that outlook, although it is ahead of expectations, might unnerve the market in current nervous times. Says that Travis buying BSS is also a very good deal. Has buy rating and target price of 1100p. Shares closed at 830p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 29, 2010 02:47 ET (06:47 GMT)