Ocado: Bank of America ML downgrades to underperform with a target price of 1,020p.
Following a challenging period for technology and services firm Cobham, analysts at Morgan Stanley now see an improved risk-reward case on the horizon.
(WebFG News) - Cobham said on Thursday that trading in the first quarter was line with its expectations as it reaffirmed the 2018 guidance it set out back in March.
Defence and aerospace firm Cobham's turnaround plan started to bear fruit as the company swung to a pre-tax profit of £173.1m from a loss of £847.9m a year ago.
Defence contractor Cobham on Wednesday said seven employees at its helicopter unit had bought fake university degrees, after a media report exposed a trade in thousands of the qualifications.
Shares in UK defence company Ultra Electronics slumped on Friday following a report that the UK defence review has been delayed.
Mondi: Goldman Sachs upgrades to buy with a target price of 1,857p
Cobham said trading in 2017 was generally in line with expectations after the aerospace and defence supplier issued a string of profit warnings and was forced to raise funds from shareholders.
Cobham announced the appointment of Gillian Duggan as executive vice president of HR and communications on Thursday.
Despite Cobham share's outperformance over the past six months, Berenberg cautioned clients about the near-term strength of various of the firm's end-markets, alongside operational challenges that would require time to resolve and, for a time, scupper hopes that the dividend would be reinstated.
Cobham announced the appointment of Paul Kahn as president of its communications and connectivity sector on Tuesday.
Aerospace and defence group Cobham said on Thursday that it swung to an operating profit in the first half as revenue grew.
Cobham has appointed former deputy commander of the Royal Air Force, Air Marshall Greg Bagwell, as strategic adviser.
Analysts at Deutsche Bank trimmed their earnings per share estimates and target prices for UK aerospace and defence names in light of the recent strength in the pound.
Miners are seeing some follow-through buying on Tuesday, following a bounce during the previous session, thanks to overnight gains in the price of copper and other base metals such as nickel and zinc.
Spirent Communications: Citigroup upgrades to Buy with a target price of 145p.
Barclays: Goldman Sachs downgrades to Sell with a target price of 180p.
FTSE 250 aerospace and defence group Cobham said on Thursday that first-quarter trading was in line with the board's expectations, following a string of profit warnings.
Commodity-related stocks paced gains in the market on Tuesday amid favourable news for the sector out of China and from key OPEC producer Iran.
Aerospace and defence group Cobham confirmed on Tuesday that it plans to raise around £512.4m through a rights issue as it looks to pay down debt.