Atlas Copco upgraded to Overweight from Equal Weight at Morgan Stanley

Morgan Stanley analyst Michael Harleaux upgraded Atlas Copco (ATLKY) to Overweight from Equal Weight with a price target of SEK 162, down from SEK 184. The firm adjusted ratings in the European capital goods space as part of its 2026 outlook. In 2026, the firm sees a “selective broadening out” of growth across end markets. However, this will not be a widespread cyclical rebound, so investors should “lean into quality growth,” the analyst tells investors in a research note.