UK's Tyman hits 15-month high after Berenberg upgrades to 'buy'

Tyman

26/07/2023 09:40

** Shares of engineered door component supplier Tyman
 TYMN.L  up as much as 4.02% at 310p, a 15-month high 
    ** If trend holds, set to post third consecutive session of
gains
    ** Brokerage Berenberg upgrades stocks to 'buy' rating from
'hold', raises target price to 360p from 250p
    ** Brokerage says TYMN's H1 numbers in line with
expectations, FY operating profit guidance at top end of market
expectations
    ** Stock top pct gainer on FTSE mid-cap index  .FTMC 
    ** "We think North American margin delivery was impressive,
Lawrence Industries looks an interesting acquisition" -
Berenberg
    ** Brokerage Jefferies also raises target price to 350p from
330p
    ** Current average rating of eight analysts on the stock is
"Buy"; their median PT is 350p - Refinitiv
    ** As of last close, stock up 32.1% YTD


    
   

 (Reporting by Hani Kollathodi in Bengaluru)
 ((Hani.Kollathodi@thomsonreuters.com;))