Citi starts coverage of Rosebank Industries at 'buy'

(Sharecast News) - Citi initiated coverage of Rosebank Industries on Friday with a 'buy' rating. It said Rosebank's business model is to "buy, improve, sell" industrial businesses, and the creation of the company is aimed to emulate the success of Melrose, from where the Rosebank management team have largely come.

"The first acquisition, ECI, was bought in August 2025; the target to improve EBIT margins from 13% to 18% is a key driver behind the intention to double shareholder value over 3-5 years," it said.

"With a strong management track record on delivering turnarounds, we initiate with a buy."