FTSE 250 movers: Credit Suisse upgrade drives gains for IMI, Howden Joinery lifts guidance – About Your Online Magazine

Engineering Group IMI was near the top of the standings on Wednesday, driven by an update of Swiss credit from ‘neutral’ to ‘superior performance’.

The Swiss brokerage also increased its target price from 1,160.0p to 1,450.0p, pointing to key “support” indicators for the company’s precision division in the short term and better-than-expected execution in retaining cost savings in the medium term behind your case.

Howden Woodworking it was another big gain after the company raised its profit orientation after performing better than expected in the last weeks of the year, when imprisoned Britons spent more time improving their homes during the coronavirus pandemic.

Another engineer, Vesuvius, on the other hand, received a downgrade by JP Morgan, submitting their duly inferior shares.

JP Morgan downgraded the industrial ceramics group’s shares from ‘overweight’ to ‘neutral’, although it increased the target price of the shares from 575.0p to 591.0p

Market movers

FTSE 250 (MCX) 20,616.31 -0.47%

FTSE 250 – Risers

Liontrust Asset Management (LIO) 1,350.00p 8.00%
TUI AG Reg Shs (DI) (TUI) 365.40p 3.10%
IMI (IMI) 1,301.00p 2.86%
Howden Woodworking Group (HWDN) 713.20p 2.77%
Playtech (PTEC) 481.30p 2.69%
Vietnam Enterprise Investments (DI) (VEIL) 601.00p 2.56%
Royal Mail (RMG) 370.00p 1.82%
Dunelm Group (DNLM) 1,299.00p 1.65%
Tritax Big Box Reit (BBOX) 168.30p 1.63%
Capital properties and counties (CAPC) 141.20p 1.58%

FTSE 250 – Fallers

Euromoney Institutional Investor (ERM) 1,000.00p -5.12%
Provident Financial (PFG) 285.60p -5.05%
Just Eat Takeaway.Com N.V. (CDI) (JET) 8,676.00p -4.34%
Cairn Energy (CNE) 190.98p -4.03%
C&C Group (CCR) 240.00p -4.02%
Vesuvius (VSVS) 517.00p -3.99%
Marshalls (MSLH) 688.50p -3.98%
easyJet (EZJ) 764.00p -3.64%
Polypipe Group (PLP) 540.00p -3.57%
Sanne Group (SNN) 568.00p -3.24%

Paula Fonseca