Oxford Instruments price target raised to 2,290 GBp from 2,240 GBp at Jefferies

Jefferies raised the firm’s price target on Oxford Instruments (OXINF) to 2,290 GBp from 2,240 GBp and keeps a Hold rating on the shares following the first half trading update. The firm appreciates Oxford’s standing in its end markets but worries the company will struggle to deliver the “holy trinity” of improved organic revenue growth, margins and cash conversion.