Johnson Matthey upgraded to Buy from Hold at Deutsche Bank

Deutsche Bank analyst Tristan Lamotte upgraded Johnson Matthey to Buy from Hold with a price target of 2,500 GBp, up from 2,300 GBp. Johnson is largely perceived as an auto-catalyst business with an end date, but this “overlooks large opportunities for the company,” the analyst tells investors in a research note. The firm believes the management change is likely to unlock significant value.