Although Tate & Lyle's third-quarter trading update contained few surprises, a decent outcome in the 2012 high fructose corn syrup pricing round nevertheless saw City analysts upgrading earnings forecasts.
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Broker Panmure Gordon upped its 2012-13 EPS forecast by around 3 per cent to 56.8p, while its 2011-12 underlying target of 55.0p looks "in the bag" after steady growth in Tate's speciality and bulk ingredients businesses.
