MARKET TALK: Credit Suisse Ups Intertek To Outperform

0728 GMT [Dow Jones] Credit Suisse upgrades Intertek (ITRK.LN) to outperform from neutral and target to 1800p from 1600p. Notes strengthening market indicators, recent acquisitions, and better-than-expected growth and margin guidance at the 4 month interim statement. Reckons the market underestimates Intertek's growth potential over the medium term. Says this creates the potential for earnings upgrades and multiple expansion to drive the stock. Notes Intertek trades at greater-than-average discounts to peers, despite more robust growth in the recent downturn and greater growth potential in the medium term. Shares +0.6% at 1585p. (michele.maatouk@dowjones.com) Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com (END) Dow Jones Newswires July 09, 2010 03:28 ET (07:28 GMT)