BUZZ-Intertek: gains as co beats on revenues, reaffirms FY target

** Product testing firm Intertek +1.6%, among top FTSE 100 risers

** July to end-October constant currency organic revenue growth of +1.8% (ahead of Goldman Sachs H2 2015 est of +1.2% and company-compiled consensus of +0.7% for H2 (as flagged by the broker))

** Co says on track to deliver its FY target of improved organic revenue growth performance with stable margin

** Stock most actively traded UK blue chip, with 88% of 90-day daily avg volume through in 50 mins

** Goldman, on the back of the good organic performance, raises its organic revenue growth forecast slightly for 2015 to 1.1% (from 1.0%) vs the company-compiled consensus of 0.8%

** Broker flags pressures from Oil & Gas capex cuts are likely to accelerate through the rest of the year and into 2016 (remains "neutral" on Intertek)

** Majority of brokers rate stock "hold" or lower; 13 of 21 "hold", 4 "sell" or lower, with just 4 "buy" or higher; median PT is 2,725p

** Stock +12% YTD

** AllianzGI flagged early August that co's oil exposure no real disadvantage (had been buying shares)

(RM (LSE: RM.L - news) :muvija.m.thomsonreuters.com@reuters.net)