Jefferies analyst David Farrell raised the firm’s price target on Oxford Instruments to 2,720 GBp from 2,410 GBp and keeps a Hold rating on the shares after raising the firm’s FY23 EBITA forecast by 11% and its FY24 forecast by 13%. The firm’s talks with investors in the past six months "have always raised the prospect of Spectris coming back with a new offer," but its view "has been once of skepticism," and it views the retirement of Oxford CEO Ian Barkshire as suggesting "that an offer from Spectris is not imminent."
Published first on TheFly
