Halma upgraded to Overweight from Equal Weight at Barclays

Barclays analyst Jonathan Hurn upgraded Halma to Overweight from Equal Weight with a price target of EUR 2,650, up from EUR 2,425. Against an expected declining interest rate backdrop later this year, bond proxy, high quality earnings compounders are likely to come more into focus, the analyst tells investors in a research note. The firm says two names fit this criteria in UK capital goods: Halma and Spirax Group.