JPMorgan new coverage Melrose Industries Overweight, PT $4.75

A JPMorgan analyst initiated new coverage Melrose Industries (LON: MRON) Overweight rating and a price target of $4.75.
Prior to this rating, Melrose Industries had 7 buy ratings, 0 hold ratings, and 1 sell ratings.
For consensus analyst estimates and price targets on Melrose Industries, click here. For more news on Melrose Industries, click here.
Melrose Industries's stock price closed at $413.45. They are up 23.26% in the last month and up 58.17% in the last 12 months.
According to Investing Pro, Melrose Industries's fair value is $5.81, a downside of -40.47%. Melrose Industries's fair value comes with a high degree of uncertainty, according to InvestingPro.
Check out Melrose Industries's recent earnings performance and financials here.

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