BUZZ-Balfour Beatty: Positioned to outperform - Peel Hunt

** UK-based infrastructure company Balfour Beatty (Other OTC: BAFBF - news) 's shares up 6.1 pct, top gainer on FTSE Mid 250 index

** Peel Hunt raises to "buy" from "add"; raises PT by 13.3 pct to 340p

** "Our segmental analysis suggests that Balfour is positioned to outperform its stated margin aspirations" - Peel Hunt

** Brokerage sees Investments division as key value driver; believes value of division is 20 pct greater than the current Directors’ portfolio valuation (1.24 bln pounds)

** Although brokerage makes no material changes to estimates, it says its sensitivity analysis suggests >10 pct upside to 2020 EBITA estimates

** Peel Hunt says ‘hidden value’ within infrastructure investments and strengthening balance sheet suggest scope for enhanced shareholder returns over the medium term

** >1/4 of a day's avg volume had gone through by 0744 GMT