1111 GMT - XP Power shares continue to look undervalued, Davy research analyst, Thomas Rands writes in a note. The London-listed power-controllers manufacturer provided a reassuring fourth quarter trading update, Rands says. "While the order intake didn't see the step-up many had hoped for, the underlying order trends are improving," he adds. The Irish research firm expects an improvement in all financial metrics, as the outlook still is positive and destocking is expected to end in the first-half of 2025. Shares are down 7.1% at 1,204 pence. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
January 21, 2025 06:11 ET (11:11 GMT)
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