RBC Capital upgraded Intertek Group to Outperform from Sector Perform with a price target of 4,700 GBp, up from 3,900 GBp. The analyst thinks a combination of credible medium-term revenue growth and margin expansion targets, relatively conservative fiscal 2024 consensus assumptions, plus the potential for the company to deploy surplus capital in a disciplined manner sets up the stock for outperformance.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>