Investec has dimmed its recommendation for Dialight from 'buy' to 'hold', while it raised the target price from 550p to 565p. Analyst Michael Blogg said in a note that Investec reduced Dialight's group revenue estimates by about 11% each year, dropping through to earnings per share as cuts of 36%,
Read moreLED lighting maker Dialight has blamed a slowdown in orders for a predicted shortfall in full year revenue. The company, once part of Dutch giant Phillips, warned underlying operating profit for 2015 will be significantly below expectations. It also said results for the first half of this year will
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