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Belimo downgraded to Underweight from Equal Weight at Morgan Stanley

Morgan Stanley downgraded Belimo (BLHWF) to Underweight from Equal Weight with an unchanged price target of CHF 845. The firm adjusted ratings in the building and construction group, saying the construction cycle is stabilizing in Europe. In the U.S., there are near-term risks but the long-term drivers are intact, the analyst tells investors in a research note.

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