Wednesday May 7, 01:28 PM
Invensys "underweight," target price raised
By J.P. Morgan Securities
LONDON, May 7 (newratings.com) - Analysts at JP Morgan maintain their "underweight" rating on Invensys Plc (ticker: ISYS-GBX), while raising their estimates for the company. The target price has been raised from 295p to 335p.
In a research note
published this morning, the analysts mention that the company is likely to post its full-year sales, operating profits and net income at £585 million, £80 million and £115 million, respectively. The EPS estimate for 2008 has been raised from 14.80p to 25.24p to reflect a £95 million settlement with Metronet. The EPS estimate for 2009 has been raised from 19.63p to 20.86p to reflect the currency effects and higher margins at the Rail division.
© 2008 New Ratings
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