G4S: Morgan Stanley starts coverage with 'equal weight'
(CercleFinance.com) - Morgan Stanley has initiated coverage of the British security firm G4S with an "equal weight" rating and a target price of 200 pence.
"G4S is having to keep pace with the security sector's transition to high returns technology-enabled solutions," Morgan wrote in a note.
The broker said in particular that how the separation of the cash solutions business will now unfold is "key" for the group to compete more effectively.
At 12:45, the G4S stock was up 4% at 218.6 pence.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"G4S is having to keep pace with the security sector's transition to high returns technology-enabled solutions," Morgan wrote in a note.
The broker said in particular that how the separation of the cash solutions business will now unfold is "key" for the group to compete more effectively.
At 12:45, the G4S stock was up 4% at 218.6 pence.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.