Aurel BGC raises Mersen share price target

(ADPnews) - Apr 13, 2011 - Aurel BGC has raised its share price target on French graphite and electrical components maker Mersen (EPA:MRN) to EUR 45 from EUR 40, while keeping its "buy" recommendation on the stock.

According to the broker, the recent increase of strategic investment fund FSI's stake in Mersen gives evidence for the company's dynamic development.

On Monday, FSI said it had raised its stake in Mersen to 14.7% from previous 10%.

Today at 1317 CET shares in Mersen had inched up 0.79% to EUR 40.98 on Euronext Paris.

(EUR 1.0 = USD 1.449)

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Published Apr 13, 2011 14:32 CEST

Author Virzhini Stefanova

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