MARKET TALK: Evolution Securities Ups Lamprell Target Price

0816 GMT [Dow Jones] Evolution Securities raises its Lamprell (LAM.LN) target price to 300p from 275p and keeps the add rating after the company announced a $317 million contract with Abu Dhabi's National Drilling company for the construction of two jackup rigs and additional equipment orders. Evo says the boost to orders and 2011/12 revenue is material. Lamprell's existing contract with Riginvest for a jack up under construction will be cancelled and the rig delivered to NDC. Shares +7.2% at 264p. (iain.packham@dowjones.com) Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com (END) Dow Jones Newswires July 28, 2010 04:16 ET (08:16 GMT)