Kingspan upgraded to Overweight from Underweight at Morgan Stanley

Morgan Stanley upgraded Kingspan (KGSPY) to Overweight from Underweight with a price target of EUR 83, up from EUR 76. 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.