UBS upgraded Renishaw to Buy from Sell with a price target of 5,000 GBp, up from 2,900 GBp. The analyst says signs of a recovery are starting to emerge and the stock’s valuation headroom “remains.” Renishaw offers a high risk/reward but the upside could be significant, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on RNSHF: