Barclays launches bullish coverage of Hill & Smith, citing U.S. grid and data-center demand
Barclays has initiated coverage of Hill & Smith with an overweight rating and a 3,300 pence price target, pointing to the group's exposure to U.S. grid modernization, transmission and distribution, and data-center investment. The broker projects roughly 7% organic growth over fiscal 2026-28 and expects earnings per share to compound around 11% annu…