buy mggt

Jefferies note today:
"Meggitt's rejuvenation has taken a lot more than a good night's sleep (high R&D and PPCs in recent years, and out to FY20). The process will not be complete for some years, but with an "unprecedented" number of parts and systems won on new aircraft/engine programmes, its efficacy should be apparent within 12 months. We raise our PT from 500p to 600p. Our recommendation moves from Hold to Buy."

JP Morgan Cazenove Buy 513.75 500.00 600.00 Reiterates

Jefferies International Buy 513.75 500.00 600.00 Upgrades