UK MARKET TALK ROUNDUP: SHARES GAINING

15th Jul 2010 09:18

Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0818 GMT [Dow Jones] SDL's (SDL.LN) acquisition of Language Weaver, a company that makes automatic translation software, is a strategically sound deal in an area that's becoming ever more important, say analysts at Piper Jaffray. Add the $42.5 million it agreed to pay is a reasonable price for a strategic asset. Rates at overweight, with 528p target. Shares +0.8% at 507p. ([email protected]). 0813 GMT [Dow Jones] The FDA's vote in favor of keeping Avandia on the U.S. market is clearly good news for GlaxoSmithKline (GSK.LN), says Evolution Securities. It means they will retain the two additional years of profits and it reduces the scope for additional legal costs. It also reduces the likelihood of the product being removed from the market in other parts of the world, Evo says. However, notes the edge of the good news has been slightly removed in the GBP1.57Bln legal charges they are taking to substantially settle and provision for all outstanding legal cases. Reiterates buy recommendation and 1550p price target on the stock. Shares +0.7% at 1190p. ([email protected]) 0729 GMT [Dow Jones] Altium Securities raises Dimension Data (DDT.LN) price target to 120p from 100p following Nippon Telegraph and Telephone Corp's (NTT) 120p a share offer for the company. Says this is an 18% premium to the current share price. Notes NTT has received irrevocable undertakings from 52% of the existing shareholders. Keeps the stock at hold. Shares +19% at 121p. ([email protected]) 0707 GMT [Dow Jones] Seymour Pierce lifts Domino's Pizza (DOM.LN) target price to 450p from 400p, after 1H results and its like-for-like sales performance came in ahead of expectations. Also raises FY '10 pretax profit forecast to GBP36.6M from GBP34.6M, and EPS to 16.5p from 15.6p. Says "Domino's is a marketing machine. Don't bet against it." Keeps buy rating. Shares +0.2% at 413.5p. ([email protected]) Contact us in London. +44-20-7842-9288 [email protected] (END) Dow Jones Newswires July 15, 2010 04:18 ET (08:18 GMT)