Aug 16th 2013 - Edison Investment Research today published a report on Avon Rubber (AVON.L, LSE:AVON, LON:AVON) entitled "Meeting Expectations". In summary, the report says:
Avon Rubber’s IMS highlight that the trends seen at the interims have largely continued into Q3 with an outperformance in P&D offsetting the continued pause in Dairy markets. We anticipate that the group will meet our forecasts, supported by a strong order book in Protection & Defence and further market share gains for Milkrite, and we remain confident that upside potential exists across the group from new product and service introductions from FY14 onwards. We are therefore maintaining our FY14-based fair value of 510p/share.
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