UK's Morgan Advanced Materials gains after RBC upgrades rating, PT
09/10/2026 08:30
BUZZ-UK's Morgan Advanced Materials gains after RBC upgrades rating, PT ** Shares of chip parts supplier Morgan Advanced Materials MGAMM.L up 6% at 281 pence - among the top gainers on the FTSE midcap index .FTMC
** RBC Capital Markets upgrades rating and price target citing potential sale of its Thermal Products unit, leaving Co with a higher-margin business and greater exposure to aerospace and defence
** "Looking into 2027, an increased focus on specific end market verticals could drive further momentum," RBC Capital Markets says in a research note
** Stock up ~30% YTD
(Reporting by Neeshita Beura in Bengaluru)