Friday May 9, 05:05 PM
Aggreko downgraded to "hold"
By Dresdner Kleinwort Wasser.
LONDON, May 9 (newratings.com) - Analysts at Dresdner Kleinwort downgrade Aggreko (LSE: AGK.L - news) (ticker: AGK-GBX) from "add" to "hold."
The target price is set to 650p.
In a research note published this morning, the analysts mention that the company has signed an agreement worth $25 million to supply equipment to all the venues for the Vancouver 2010 Olympic and Paralympic Games. Aggreko is likely to generate the bulk of the revenues from the contract in 2010, the analysts add. The downgrade in rating follows the recent surge in the company's share price, Dresdner Kleinwort adds.
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