Luxfer Holdings (LXFR) Target Lifted at Jefferies

Jefferies analyst Luke Folta reiterated a Buy rating on Luxfer Holdings PLC (NYSE: LXFR) and bumped his price target from $22 to $24 following Q4 results and higher 2014 guidance.

Folta commented, "LXFR reported adj. 4Q13 EPS of $0.40 which was ahead of our/consensus estimate of $0.37 (+$0.03) largely due to more favorable taxes. Mgmt. guided to improved 14’ results, despite transitory headwinds in 1H. We maintain our BUY, have increased our PT to $24 (+$2) and continue to like the shares based on its strong margins/returns vs. peers, numerous growth opportunities and the valuation discount vs. specialty materials peers."

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 $19.51 yesterday.

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