Jefferies analyst David Farrell has maintained their bullish stance on COA stock, giving a Buy rating on October 15.
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David Farrell has given his Buy rating due to a combination of factors, primarily focusing on Coats Group plc’s strategic acquisition and operational adjustments. The completion of the OrthoLite acquisition aligns with the company’s projected timeline, which is expected to positively influence revenue growth and margins. This acquisition also leads to a streamlined divisional structure, merging the Performance Materials division into the Apparel and Footwear divisions, thereby reducing internal complexities.
In addition, Coats Group’s trading performance has met management’s expectations since the first half of 2025, with a more detailed update anticipated in November. The company’s proactive approach in addressing investor concerns about consumer sentiment and brand performance in the third quarter is likely to result in a favorable market response. Overall, these strategic moves and positive trading updates underpin Farrell’s confidence in the company’s future performance, justifying the Buy rating.
Farrell covers the Industrials sector, focusing on stocks such as Volution, Halma plc, and Morgan Advanced Materials. According to TipRanks, Farrell has an average return of 10.5% and a 64.94% success rate on recommended stocks.
In another report released on October 15, TR | OpenAI – 4o also upgraded the stock to a Buy with a p91.00 price target.