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Atlas Copco upgraded to Equal Weight from Underweight at Morgan Stanley

Atlas Copco upgraded to Equal Weight from Underweight at Morgan Stanley

Morgan Stanley upgraded Atlas Copco (ATLKY) to Equal Weight from Underweight with a price target of SEK 170, down from SEK 175. European short-cycle stocks have underperformed the sector in 2024 on softer volume growth, and weaker margin performance compared to electrification names, the analyst tells investors in a research note. The firm is taking a stance on Atlas Copco and Sandvik into 2025.

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