In a report published Monday, Credit Suisse initiated coverage on Luxfer Holdings LXFR with an Outperform rating and $13.00 price target.
Credit Suisse noted, “We initiate coverage of Luxfer with an Outperform rating ($13 TP), as we think its growth opportunities are not reflected in the current share price. Luxfer's products are used by its customers in functions such as the reduction of emissions output, healthcare, and personal protection/safety (collectively 79% of sales). The automotive end market is the single largest that LXFR sells into (31% of sales) and it has been sluggish in 2012, but should rebound in 2013.”
Luxfer Holdings closed on Friday at $10.57.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in