Babcock upgraded to Overweight from Equal Weight at Barclays

Barclays analyst Charlotte Keyworth upgraded Babcock to Overweight from Equal Weight with a price target of 529 GBp, up from 325 GBp. With Babcock’s portfolio streamlining complete, a strengthened balance sheet, positive free cash flow, and a reinstated dividend, investors can now have more confidence in the company’s ability to generate future cash returns, the analyst tells investors in a research note.