MARKET TALK: Merchant John East Ups Empresaria Forecasts

0906 GMT [Dow Jones] Merchant John East ups its earnings forecasts for recruiter Empresaria Group PLC (EMR.LN) on the back of a cautiously positive AGM statement. Increases the pretax profit and earnings per share forecasts for 2010 to GBP5.3M and 6.1p from GBP4.5M and 4.8p, respectively. Ups 2011 forecasts to GBP6M and 6.7p from GBP5.5M and 5.9p. Keeps buy rating and increases target price 17% to 65p. Shares flat at 46p. (rachael.gormley@dowjones.com) Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com (END) Dow Jones Newswires June 10, 2010 05:06 ET (09:06 GMT)