As we have frequently stated, Halma is one of, if not the, highest quality companies in the broad industrials sector. We previously had a Sell recommendation, based on valuation concerns, but following the resilient interims earlier this week we feel that Halma will outperform strongly in these challenging market conditions. We increase our target price to 792p and move to Hold.
19 Nov 2015
Upgrading price target and recommendation
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Upgrading price target and recommendation
Halma plc (HLMA:LON) | 2,220 -443.9 (-0.9%) | Mkt Cap: 8,426m
- Published:
19 Nov 2015 -
Author:
Jon Lienard -
Pages:
3
As we have frequently stated, Halma is one of, if not the, highest quality companies in the broad industrials sector. We previously had a Sell recommendation, based on valuation concerns, but following the resilient interims earlier this week we feel that Halma will outperform strongly in these challenging market conditions. We increase our target price to 792p and move to Hold.