1007 GMT - RS Group is primed to recover on a wider manufacturing rebound and a self-help story, J.P. Morgan analysts Jane Sparrow and Ankit Khandelwal write. A turnaround in industrial production will boost the U.K. industrials and electrics distributor's growth as PMI readings trend positive on lower interest rates and fiscal stimulus in Europe, the analysts say. Moreover, management efforts to restructure and invest for efficiency, as well as to expand into other markets, mean the company can grow without investment in physical infrastructure, the analysts add. JPM upgrades the stock to overweight from neutral. Shares are up 5% at 6.35 pounds, but have fallen 6.6% over the year to date. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
December 11, 2025 05:07 ET (10:07 GMT)
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