UK MARKET TALK ROUNDUP: BROKERS COMMENTS

28th Jul 2010 07:14

Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0614 GMT [Dow Jones] Morgan Stanley raises Croda International (CRDA.LN) price target to 1450p from 1140p. Following the company's 2Q results, the real underlying earnings power of the group's restructured portfolio became apparent. "We believe organic growth, potential cash return to shareholders and improving mix will become the key EPS drivers." This is in stark contrast to the restructuring-driven earnings growth of recent years, MS says. Keeps the stock at overweight. Shares closed Tuesday at 1272p. ([email protected]) 0613 GMT [Dow Jones] JPMorgan Cazenove upgrades Anite (AIE.LN) to overweight from neutral following the company's FY results. "With the full availability of Anite's LTE handset testing box and the indication of a good near-term pipeline...we believe the company has turned a significant corner." There are higher revenue expectations, but also higher costs, including lower net revenue margins related to a higher proportion of hardware sales in development testing sales. Brokerage also introduces a 50p price target on the stock. Shares closed Tuesday at 41p. ([email protected]) Contact us in London. +44-20-7842-9288 [email protected] (END) Dow Jones Newswires July 28, 2010 02:14 ET (06:14 GMT)