StockMarketWire.com - Investec has upgraded its recommendation on Treatt [LON:TET] to 'buy' from 'hold', after the ingredients company reported a "solid" first half performance.
The broker said: "Greater intra group collaboration has resulted in some new business wins in the beverage sector, an area of particular focus.
"These are part reflected in the stronger Q2 performance, but there should be more revenue benefit to come."
Analysts have left their target unchanged at 150 pence a share, implying 10 per cent forecast total return.
The shares have fallen 3 per cent in the past month, despite rising 3 per cent by early afternoon, today.
At 1:47pm: [LON:TET] Treatt PLC share price was +3.5p at 144p
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