Oxford Instruments price target lowered to 2,660 GBp from 2,720 GBp at Jefferies

Jefferies analyst David Farrell lowered the firm’s price target on Oxford Instruments to 2,660 GBp from 2,720 GBp and keeps a Hold rating on the shares. The analyst called the company’s FY23 results “unremarkable,” noting the in-line adjusted EBITDA and unchanged FY24 outlook, as well as tax guidance being higher than the firm modelled.