Melrose jumps as Citi sees cash flow surging on revenue-sharing deals
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Melrose Industries PLC shares surged after Citi analysts forecasted higher-than-expected free cash flow due to revenue-sharing partnerships.
November 05, 2024 | 12:30 pm
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Melrose Industries' shares surged as Citi analysts forecasted higher-than-expected free cash flow due to revenue-sharing partnerships.
Citi's positive forecast on Melrose's cash flow due to revenue-sharing partnerships led to a surge in share prices, indicating investor confidence in the company's financial outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80