By Michele Maatouk
Date: Thursday 20 Jun 2024
(Sharecast News) - JPMorgan Cazenove cut its price target on Spectris on Thursday to 2,750p from 2,950p as it downgraded forecasts following the company's profit warning a day earlier.
"Spectris's profit warning yesterday confirmed our thesis that slowing orders meant consensus forecasts were too high unaided by several tough end markets...
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