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May 20 2026, 07:00 IST/BST
Capital Goods
Shifting into ‘Neutral’
- Sectors : Capital Goods
- Companies : Weir Group plc | Hill & Smith | IMI plc
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| IMI plc | NEUTRAL | 20/05/26 | Outperform | 29/02/24 | 2692p |
| Hill & Smith | NEUTRAL | 09/06/25 | Outperform | 18/07/23 | 2560p |
| Weir Group plc | NEUTRAL | 23/01/26 | Outperform | 26/01/24 | 2442p |
DAVY VIEW
We complete our shift to ‘Neutral’ on the sector by lowering our recommendation on IMI to ‘Neutral’ from ‘Outperform’ following a period of strong performance. We highlight a potential opportunity in Weir. We increase our price targets on IMI and Hill & Smith to £28 and £26 respectively and lower our Weir price target to £25.
