13 Aug 2015

Stronger than anticipated H1 and decent upgrades anticipated

- Sahill Shan
- 3 pages

Interims have surprised on the upside this morning and the full year outlook is expected to be better than management previous expectations. We envisage 3-5% consensus upgrades this morning and lift our 12m TP from 550p to 600p and stay at Buy on growth considerations.

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Stronger than anticipated H1 and decent upgrades anticipated

Published: 13 Aug 2015
Author: Sahill Shan
Pages: 3

Interims have surprised on the upside this morning and the full year outlook is expected to be better than management previous expectations. We envisage 3-5% consensus upgrades this morning and lift our 12m TP from 550p to 600p and stay at Buy on growth considerations.