Analyst Andrew Douglas of Jefferies reiterated a Buy rating on Avon Protection (AVON – Research Report), retaining the price target of p1,745.00.
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Andrew Douglas has given his Buy rating due to a combination of factors including Avon Protection’s strong financial performance and strategic advancements. The company has shown significant momentum in both revenue and earnings, prompting management to raise their sales and margin guidance. This positive outlook is expected to lead to substantial EBITA upgrades for the current year.
Additionally, Avon Protection has secured new contracts and demonstrated impressive sales growth, particularly with the Team Wendy and FM54 respirator products. The company’s restructuring efforts are also progressing well, suggesting further margin improvements in the future. These elements contribute to a favorable long-term outlook, reinforcing the Buy recommendation.