Broker Recommendations

Berenberg starts coverage of Bodycote at 'buy'

By Michele Maatouk

Date: Monday 02 Sep 2024

(Sharecast News) - Berenberg initiated coverage of Bodycote on Monday with a 'buy' rating and "conservatively set" 800p price target.
"Bodycote's financial framework is targeting 20% operating margins in the medium term, with low-investment requirements and self-help opportunities, gearing towards industrial cyclical recovery and strong cash generation, which we believe is...

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