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Melrose Industries rallies as Citi remains 'high conviction' in the buy case

By Michele Maatouk

Date: Tuesday 05 Nov 2024

(Sharecast News) - Melrose Industries shot higher on Tuesday as Citi said it remains "high conviction" in the 'buy' case, given the trough multiple and the strong mid-term cash outlook.

The bank said mid-term cash generation is a central question for investors.

"The growth in receivables, driven by 'pull...

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