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Charles Stanley upgrades Cobham first half performance

Thu, 06th Aug 2015 15:50

(ShareCast News) - Analysts at Charles Stanley upgraded Cobham to 'accumulate' from 'hold' after its encouraging first half results.Cobham shares flew to the top of the FTSE 250 index after the defence manufacturer's first half results came in higher than expected. At 1602 BST shares were up by 6.82% to 280.40p.Charles Stanley upped its target price to 299.7p from 262.5p and said it liked the company's focus on high end niche technology.Analysts said short-term headwinds in certain marine and land markets were expected to improve by the end of the year, and noted synergies from Cobham's Aeroflex acquisition were on track."There is still a lot to do in the second half, but Cobham maintained guidance for mid-single digit organic sales growth in 2015 (H2-bias), and there are signs that the down cycle in US defence spending is starting to stabilize," analysts said.
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1 Mar 2018 15:23

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1 Mar 2018 13:38

LIVE MARKETS-Kindly step away from the sector

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1 Mar 2018 12:59

LIVE MARKETS-European banks' stress tests: spoiler alert!

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1 Mar 2018 12:22

LIVE MARKETS-UK retail: now is the winter of our discontent

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1 Mar 2018 11:10

LIVE MARKETS-It's not you, it's me: how stock markets threaten the global economy

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1 Mar 2018 10:45

LIVE MARKETS-Italy's vote, the day after: how could markets react?

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1 Mar 2018 09:00

UPDATE 1-UK's Cobham boosted as turnaround gains pace

LONDON, March 1 (Reuters) - British aerospace and defence company Cobham posted annual profit ahead of forecasts and stuck to its 2018 outlook, pushing up its shares that it a

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1 Mar 2018 08:58

LIVE MARKETS-Results drag European shares, investors warm to UK domestics

LONDON, March 1 (Reuters) - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Kit Rees. Reach

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17 Feb 2017 09:19

Friday broker round-up

(ShareCast News) - AstraZeneca: Jefferies reiterates Buy with a target price of 5250p. BT Group: Jefferies reiterates Hold with a target price of 325p. Standard Life: Macquarie reiterates Outperform with a target price of 450p. Cobham: Goldman Sachs reiterates Sell with a target price of 88p. Dra

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16 Feb 2017 17:08

UPDATE 1-European shares retreat after 7 sessions of gains, Cobham plunges

* STOXX Europe 600 index down 0.4 pct * Cobham plunges 20 pct after profit miss * Miners track weaker copper prices * Air France rallies after strong update (Adds details, closing prices) By Atul Prakash LONDON, Feb 16 (Reuters) - European equities fell on Thursday

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16 Feb 2017 17:05

LONDON MARKET CLOSE: Sterling Rebound, Ex-Divs Send UK Stocks Lower

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16 Feb 2017 16:59

Britain's FTSE retreats from one-month peak, mid-cap index snaps winning streak

* FTSE 100 down 0.3 pct * Energy, auto shares fall * Ex-divs weigh * Cobham slumps after results * FTSE 250 snaps 7-day winning streak By Kit Rees and Helen Reid LONDON, Feb 16 (Reuters) - Britain's top share index retreated from a one-month high on Thursday, w

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16 Feb 2017 14:53

Sector movers: Aerospace & Defence and Oil & Gas drag market lower

(ShareCast News) - Stocks in the aerospace and defence space bore the brunt of selling after Cobham warned on profits for the fifth time in just over a year. The FTSE 250 aerospace and defence group took a total of £179m in charges, including £150m from the KC-46 air tanker contract with Boeing, whi

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16 Feb 2017 10:30

Britain's FTSE retreats from one-month peak, commodity-linked stocks weigh

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets) * FTSE 100 down 0.4 pct * Miners, energy shares fall * Ex-divs weigh * Cobham slumps after results By Kit Rees

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16 Feb 2017 10:13

European shares retreat after 7 sessions of gains, Cobham plunges

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets) * STOXX Europe 600 index down 0.3 pct * Cobham plunges 20 pct after results * Miners track weaker metals prices By Atul Pr

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