Citi reinstated coverage of Johnson Matthey (JMPLY) with a Neutral rating and 1,800 GBp price target following the company’s sale of Catalyst Technologies. The firm feels that management “achieved a strong exit valuation” of GBP1.8B vs. a consensus of GBP945M for Catalyst.
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Read More on JMPLY:
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- Johnson Matthey price target raised to 1,800 GBp from 1,380 GBp at Berenberg
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- Johnson Matthey’s Strategic Shift and Financial Performance
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