UK's Croda International gains on J.P.Morgan's upgrade to 'overweight'

Shares of chemical company Croda International CRDA.L up nearly 1% at 2,614p

J.P.Morgan upgrades CRDA to "overweight" from "neutral"; maintains PT 3,600p

Brokerage sees FY25–27 consensus on adjusted EPS growth to about 187.4p from nearly 145.6p as achievable

"Company is implementing a multi-year growth and efficiency transformation program to improve earnings delivery and returns. We see significant room for cost efficiency and working capital improvements" - brokerage

On Tuesday, Croda reported first-half sales slightly below estimate

On avg, stock rated "hold" by 13 analysts; median PT is 3,440p - data compiled by LSEG

As of last close, the stock is down about 23% this year