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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Barclays upgrades Halma to 'overweight'

(Sharecast News) - Barclays upgraded Halma on Tuesday to 'overweight' from 'equalweight' and lifted the price target to 2,650p from 2,425p. "Against an expected declining interest rate backdrop later this year, bond proxy, high quality, EPS compounders are likely to come more into focus," Barclays said.

In UK Capital Goods, two names fit this criteria, Halma and Spirax Group, it said.

Barclays said that based on its comparative framework its relative preference is for Halma, hence the upgrade.

At 0950 BST, the shares were up 1.7% at 2,286.90p.

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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