MARKET TALK: UBS Raises Rotork To Buy Vs Neutral

29th Jul 2010 10:50

0950 GMT [Dow Jones] UBS raises Rotork (ROR.LN) to buy from neutral and lifts target price to 1900p from 1400p. Says this reflects higher than expected order input and the potential upside from the introduction of the CVA range control valve actuator product. Brokerage says long-term growth seems assured, not just from end-market growth but "due to structural drivers such as increased valve automation and the use of electric actuators in process applications, which offers customers economic efficiencies." Shares +6.3% at 1484p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 29, 2010 05:50 ET (09:50 GMT)

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