12:06 PM EDT, 09/04/2026 (MT Newswires) -- Berenberg noted the possibility of earnings upgrades for Halma (HLMA.L) amid the currently "strong" photonics momentum amid the use of photonics for data center applications. "Industrial end-markets remain mixed for our coverage, so we continue to like Halma's consistency of delivery, but acknowledge the acceleration in photonics growth and rerating through 2026 leave more for the rest of the group's portfolio to do to drive earnings upgrades alongside M&A growth, although we remain confident in the group's ability to do this," the research firm said in its UK Capital Goods & Industrial Engineering report published Friday. "M&A in 2026 has been accelerating with the group continuing to deploy capital in a disciplined manner. The current momentum in photonics is strong, where optical penetration in data centres has a long runway to expand, and we note that key hyperscalers are continuing to upgrade capex guidance for 2026 and 2027 and even 2028. If the group can scale at the next level of activity, further upgrades are possible." The buy recommendation on the British safety technology company's stock and price target of 42 pounds sterling remain unchanged.

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