Freedom Broker Downgrades Luxfer Holdings PLC (LXFR) to Hold

Freedom Broker analyst Vitaly Kononov downgraded Luxfer Holdings PLC (NYSE: LXFR) from Buy to Hold with a price target of $16.40 (from $20.50).

The analyst comments "Luxfer delivered a mixed Q3 2026: adjusted net sales of $89.3M fell 3.9% YoY and missed our $93.8M estimate by 4.8%, but adjusted EBITDA of $12.2M came in 1.7% ahead of our $12.0M forecast and adjusted EPS of $0.25 beat our $0.22, as pricing actions and cost reduction lifted adjusted gross margin by ~100 bps to 24.4%. Following the print, we trim our top-line forecasts and lower 2027–2028e adjusted EBITDA , together with a revised peer-multiple valuation, reduces our price target to $16.4 from $20.5. The new PT sits below the $17.37 cash offer, meaning we no longer view the Wynnchurch consideration as undervaluing the business, a reversal of our August stance. We downgrade LXFR to HOLD from BUY. With the shareholder vote on November 4 and completion targeted for later in November, the shares now trade as a merger-arbitrage instrument."

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 $17.27 yesterday.

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