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Fly News Breaks for June 27, 2024
IKTSY
Jun 27, 2024 | 17:11 EDT
Goldman Sachs upgraded Intertek to Buy from Neutral with a price target of 6,350 GBp, up from 5,650 GBp. Goldman Sachs noted that Q1 organic revenue growth was better than the firm and the consensus expectations. Additionally, Goldman believes Intertek is "on track to deliver margin expansion" driven by a recovery in its Consumer Products division, which is the company's highest margin division.
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IKTSY
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