STOCKS NEWS EUROPE-Dialight higher on contract win

Shares in Dialight (RXO.L) rise 3.7 percent after the led lighting technology company signs a deal with a major U.S. telecom tower operator to use its led white strobe technology for its new towers.

"With a considerable market left still to win we remain optimistic," says Hoodless Brennan in a note.

However, the broker says the shares have now exceeded its 201 pence target price and therefore drops its recommendation to a "hold" from "buy".

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