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G4S: Jefferies upgrades rating.

(CercleFinance.com) - Jefferies upgrades its rating on the stock of the UK security services group G4S from "hold" to "buy," raising its target price from 270 pence to 330 pence.

The broker said that “The shares have underperformed due to disappointing Q2 organic revenue growth but momentum should recover in H1 18e driven by improving emerging markets and US wage inflation.”

Jefferies adds that the stock's P/E appear to be increasingly good value relative to its historic level and that of its peer Securitas, particularly as the gap between adjusted and published EPS has narrowed.

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