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Investing.com - Berenberg has raised its price target on TT Electronics Plc. (LON:TTG) to GBP1.05 from GBP0.98 while maintaining a Hold rating on the stock.
The price target adjustment follows TT Electronics’ interim 2025 results, which revealed challenges in certain end markets but also showed signs that self-help measures are beginning to stabilize the company.
Despite year-over-year declines in organic financial performance, Berenberg noted several positive developments that support potential growth recovery for the electronic components manufacturer.
These positive factors include the strategic review of components, closure of the Plano, Texas site, operational turnaround in Cleveland, and significantly improved inventory and cash performance.
Berenberg indicated these developments "lend themselves to increasing optimism for the group" as end markets demonstrate further signs of stabilization.
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