Loomis hits record after ABG upgrade; analyst sees further upside despite 54% rally

Cash handling firm Loomis reached a new record high following a positive analysis from ABG Sundal Collier, with analyst Simon Jonsson seeing further upside despite a ~54% YTD gain. The stock's performance is attributed to inflation, which boosts demand for cash handling services. This is a single-stock analyst call, not a broad market signal.