IMI: Morgan Stanley upgrades stock
(CercleFinance.com) - Morgan Stanley has upgraded its rating on the IMI stock from "weight in line" to "overweight," upping its target price from 1,180 pence to 1,410 pence, which gives the stock upside potential of 20%.
The broker believes that the devaluation of the share of the UK engineering group provides one of the best entry points for investors in eight years; it therefore recommends investors prefer it IMI relative to its peer Rotork.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker believes that the devaluation of the share of the UK engineering group provides one of the best entry points for investors in eight years; it therefore recommends investors prefer it IMI relative to its peer Rotork.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.