Intertek Group Share News (ITRK)

0612 GMT [Dow Jones] SGS (SGSN.VX) 1H earnings are solid and in line with expectations, says Bank Vontobel. The company's outlook doesn't surprise either and is in line with competitors Bureau Veritas (BVI.FR) and Intertek (ITRK.LN), says Vontobel analyst Jean-Philippe Bertschy. He says some investors may be surprised with the modest margin rise, but a more aggressive hike wasn't possible given the sharp slide in SGS's automotive business. Hold rating, target is CHF1,500. Shares closed Wednesday at CHF1585. (katharina.bart@dowjones.com) Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com (END) Dow Jones Newswires July 15, 2010 02:12 ET (06:12 GMT)