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Investing.com - Jefferies lowered its price target on Synthomer (LON:SYNTS) Plc (LON:SYNT) (OTC:SYHMY) to GBP0.76 from GBP1.00 on Monday, while maintaining a Hold rating on the stock.
The price target reduction follows Synthomer’s recent interim results, which prompted Jefferies to update its financial model for the specialty chemicals company.
Jefferies noted that while Synthomer’s additional cost-saving measures should help offset challenging end-market conditions in the second half of 2025 and fiscal year 2026, the company’s earnings recovery remains stagnant.
The research firm expressed difficulty in determining when Synthomer might see a turnaround in its earnings trajectory, contributing to the lowered forecasts.
Synthomer, which manufactures specialty chemicals for various industries including adhesives, textiles, and construction, has been navigating difficult market conditions that continue to impact its financial performance.
In other recent news, Royal Caribbean (NYSE:RCL) Cruises reported strong second-quarter earnings, surpassing both company guidance and market expectations. UBS responded by raising its price target for the company to $353, maintaining a Buy rating. The firm highlighted improvements in the company’s cruise expense guidance, lower interest expenses, and enhanced contributions from TUI (LON:TUIT). Similarly, Stifel raised its price target to $420, also retaining a Buy rating, citing the company’s fiscal year 2027 targets and projected 31% year-over-year EPS growth for FY25 as increasingly conservative. William Blair reiterated its Outperform rating, pointing to structural factors driving healthy growth and favorable demographic trends. Meanwhile, Bernstein SocGen Group maintained an Outperform rating with a $360 price target, despite mixed quarterly results and lower-than-expected third-quarter yield growth guidance. These developments reflect a continued positive outlook from analysts for Royal Caribbean’s growth prospects.
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