UK MARKET TALK ROUNDUP: SHARES GAINING -2-

22nd Jul 2010 10:04

0733 GMT [Dow Jones] Seymour Pierce upgrades Rexam (REX.LN) to buy from outperform and lifts its target price to 370p from 350p. It cites evidence of growth in demand for beverage cans in the Coca Cola (KO) 2Q numbers Wednesday, given Rexam is the leading supplier to Coca-Cola in North America and in Europe. Seymour says Rexam shares are trading on just 11.3x the brokerage's FY2010 EPS forecast, which is well below the peer group. Shares +1.1% at 334p. ([email protected]) Contact us in London. +44-20-7842-9288 [email protected] (END) Dow Jones Newswires July 22, 2010 05:04 ET (09:04 GMT)