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On Wednesday, Jefferies analysts upgraded Judges Scientific PLC (LSE:JDG) stock rating to Buy from Hold. The analysts set a new price target of £91.00, up from the previous £85.00. This decision reflects a view that current market conditions have sufficiently priced in uncertainties, particularly in the U.S. and China, which account for a significant portion of the company’s sales.
The analysts had previously downgraded the stock to Hold in January, citing short-term vulnerabilities in the scientific research sector. Despite ongoing risks, they now see the company’s shares as more attractively valued. The analysts noted that Judges Scientific’s diverse business portfolio helps mitigate concentration risks.
Judges Scientific is highlighted as a leading name in the scientific instrumentation sector, particularly when compared to peers like Renishaw (LON:RSW), Spectris (LON:SXS), and Oxford Instruments (LON:OXIG). The company’s track record of margin expansion, organic growth, and successful mergers and acquisitions supports the positive outlook.
The analysts also mentioned that Judges Scientific is in its longest period without an acquisition since 2021. However, the company’s strong balance sheet provides opportunities for future acquisitions that could enhance value.
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