UPDATE: Oppenheimer Initiates Luxfer Holdings at Outperform on Strong Fundamentals
Oppenheimer initiated coverage on Luxfer Holdings (NYSE: LXFR) with an Outperform rating and a $15 price target.
Oppenheimer noted, "LXFR's customer base consists of blue chip global companies serving enduring end markets, with growth outperformance prospects driven by a breadth of current and emerging niche market opportunities. We believe magnesium- and zirconium-based solutions are increasingly attractive to product engineering markets, with LXFR a clear leader in technical expertise with a global footprint."
Luxfer Holdings closed at $10.70 on Friday.
Latest Ratings for LXFR
|Apr 2016||KeyBanc||Upgrades||Sector Weight||Overweight|
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