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BUZZ-FirstGroup: Goldman Sachs reiterates "buy", hikes PT

Reuters - UK Focus

** Transport co FirstGroup (LSE: FGP.L - news) 's shares up 2 pct, near the top of the Stoxx 600, after Goldman Sachs (NYSE: GS-PB - news) reiterates "conviction-list buy" on co, ups PT to 163p from 160p

** GS analysts expect co's turnaround plan to deliver strong earnings growth, add FY17 will be an inflection point in FCF generation

** Stock top of the Stoxx 600 Travel and Leisure Index

** Shares (Berlin: DI6.BE - news) rose 6 pct mid-June when co reported better-than-expected FY profit, but gave up those gains in the days following to hit a 2-mth low as broader FTSE 250 sold off amid fears over Britain's EU vote (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)