Weir Group (WEIR.L) is one of the FTSE100s top risers this morning, making gains off the back of positive broker commentary as Citigroup upgrade the shares to BUY from NEUTRAL citing the markets underappreciation of the engineering groups opportunities in the oil and gas markets.
Citigroup said “”Weir deserves a premium rating to the sector to reflect positive exposure to structural trends in oil and gas, further earnings upgrade potential and improving returns”, raising its earning forecasts for the company and increasing its target price from 2600p to 3100p.
Weir Group (WEIR.L) is one of the FTSE100s top risers this morning, making gains off the back of positive broker commentary as Citigroup upgrade the shares to BUY from NEUTRAL citing the markets underappreciation of the engineering groups opportunities in the oil and gas markets.
Citigroup said “”Weir deserves a premium rating to the sector to reflect positive exposure to structural trends in oil and gas, further earnings upgrade potential and improving returns”, raising its earning forecasts for the company and increasing its target price from 2600p to 3100p.
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