AB Dynamics Plc (ABDP:LN) PT Raised to GBP22 at StifelThe analyst commented: "1H results are ahead of the group's outlook, and delivered 8% sales growth, higher margins, and >100% cash conversion - all despite the fact that some chunky Simulation revenues will not be booked until 2H. Given this, and confidence that the step-up in margins is sustainable, the group is indicating that FY profit will be ahead of current expectations. We are increasing our FY EPS forecast by 3p, to c. 64p. Commentary is upbeat and suggests continuing positive momentum beyond the current year, with solid order intake and AB Solutions moving into commercialisation. With its exposure to structural and regulatory growth drivers, strong balance sheet, rising profitability and increasingly impressive record of execution, we think the shares remain attractive. Retain Buy, TP raised to 2200p from 2050p."