0830 GMT - Smiths Group sees its breakup on track and has outlined new targets for its remaining operations after the split that calls for faster-than-expected top-line growth, RBC Capital Markets analysts say in a research note. The U.K. engineering group reaffirmed that it is on track to sell its Smiths Interconnect business by the end of 2025 with Smiths Detection being considered for a sale or demerger, the analysts say. Once that is completed, the company expects organic sales growth of 5% to 7%. "The 5-7% organic growth target looks to be above consensus and our forecast," RBC says. The group's first-half results were broadly as expected, with its John Crane business weaker than forecast due to the impact from a cyberattack and Interconnect better than anticipated, according to RBC. Shares are down 0.45% at 19.88 pounds. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
March 25, 2025 04:32 ET (08:32 GMT)
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