Renishaw shares jump as Bank of America doubles upgrade to Buy
Bank of America analysts doubled-upgrade Renishaw to a Buy rating from underperform and lifted its target price to 54 pounds from 27.79 pounds, citing scope for significant growth with limited incremental investment.
Renishaw can grow significantly without substantial incremental investment, Bank of America analysts write as they double-upgrade the stock.
The bank raises its rating to buy from underperform and its target price to 54 pounds from 27.79 pounds. "Existing capacity provides meaningful operating leve…