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Liberum Capital expects UK industrial stocks to grind higher amid global demand, higher pricing

The broker’s analysts have revised their estimates across the sector, taking them to 6% above consensus, and have raised price targets for all the stocks they cover

Analysts at Liberum Capital believe that although valuations in the UK capital goods sector look elevated, industrial stocks are likely to “grind higher” helped by global demand and higher pricing.

In a note to clients, the analysts said they have revised their estimates across the sector, taking them to 6% above consensus, and have raised price targets for all the stocks they cover, although ratings are left unchanged.

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