Morgan Stanley upgraded Donaldson (DCI) to Equal Weight from Underweight with a price target of $84, up from $72. Donaldson’s filters are used in gas turbine air intake systems and continued strength in the data center and AI infrastructure build out could support earnings, says the analyst. The risk/reward now appears more balanced given AI upside, continued strength in aftermarket, and Life Sciences risk having played out, the analyst added.
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