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Jefferies restores Johnson Matthey to 'buy' with 2,330p target

Jefferies has reinstated coverage of Johnson Matthey PLC (LSE:JMAT) with a 'buy' rating and a 2,330p price target, arguing the investment case now rests on the company's own delivery rather than deal risk or macroeconomic sentiment. The target implies around 17% upside from the previous close of 1,992p.

Proactive Investors • Aug 4, 2026

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