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Renishaw Shares Rally After Double Upgrade and Record £243M Revenue

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Bank of America double-upgraded Renishaw shares to Buy and nearly doubled its price target, citing stronger-than-expected demand for semiconductor and electronics manufacturing equipment, plus aerospace and defense. Fourth-quarter revenue hit a record ~£243 million, up 27% year on year. Full-year revenue is expected around £815 million, with adjusted operating profit near £152 million.

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