Kingspan Group upgraded to Overweight from Neutral at JPMorgan

JPMorgan upgraded Kingspan Group to Overweight from Neutral with a price target of EUR 83, up from EUR 62, implying 29% upside potential. Kingspan has built a "demonstrable track-record" of delivering strong growth without diluting its returns profile, the analyst tells investors in a research note. The firm believes the company’s long-term "ambitions are underpinned by the improving energy efficiency requirements." It believes consensus expectations have rebased and the stock’s valuation levels are more reasonable.