Morgan Stanley analyst Annelies Vermeulen downgraded Brenntag (BNTGY) to Underweight from Equal Weight with a price target of EUR 50, down from EUR 63. The firm adjusted rating in the European business services group as part of its 2026 outlook. The analyst is cautious on the staffers and chemical distribution. Morgan Stanley’s preferred stocks for 2026 are Experian, Diploma, Rentokil, Verisure, Bureau Veritas and ISS.
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