MARKET TALK: Panmure Raises Carillion Price Target

7th Jul 2010 09:26

0826 GMT [Dow Jones] Panmure Gordon raises Carillion (CLLN.LN) price target to 350p from 300p following the company's 1H update. Says trading is in line with expectations, but the group continues to make good progress in Support Services amid diversification away from its traditional UK construction base. "It retains good revenue visibility, a sound balance sheet and has an attractive valuation." Keeps the stock at buy. Shares -1.4% at 309p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 07, 2010 04:26 ET (08:26 GMT)