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Whitman Howard reiterated its “buy” recommendation on the utility company ahead of today’s interim results. The broker said: “Given we do not foresee any surprises in the results themselves, of greater interest might be the outcome of the strategic review.” Target price is 346p.
Numis reiterated its “add” rating on the engineering firm and said the recently announced Fokker deal should prove positive. The broker noted that Fokker’s main business of aerostructures and electrical systems fits well with GKN “particularly as management see greater integration of these products”.