KeyBanc Upgrades Luxfer Holdings PLC (LXFR) to Overweight

KeyBanc upgraded Luxfer Holdings PLC (NYSE: LXFR) from to Overweight with a price target of $16.00, implying 35% upside.

Analyst Philip Gibbs said, "We see successful restructuring of Cylinders, long-term idiosyncratic growth opportunities within Elektron (zirconium/magnesium metals), and FCFE generation as underappreciated. We see near-term EPS potential of $1.25$1.30 vs. ‘15’s $1.08, and LT EPS potential of $1.70+, potentially supporting a share price ~$21 over time. A 4%+ dividend yield, normalized FCFE yield of 10%, and takeout optionality buffer downside risk, in our view."

For an analyst ratings summary and ratings history on Luxfer Holdings PLC click here. For more ratings news on Luxfer Holdings PLC click here.

Shares of Luxfer Holdings PLC closed at $11.69 yesterday.

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