JPMorgan analyst Chetan Udeshi upgraded Johnson Matthey (JMPLY) to Overweight from Neutral with a price target of 2,250 GBp, up from 1,860 GBp. The firm adjusted ratings in European chemicals as part of a 2026 outlook. The cyclical and structural challenges facing the group are now better understood by the market, the analyst tells investors in a research note.
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