Munters Group downgraded to Hold from Buy at Berenberg

Berenberg analyst Simon Jonsson downgraded Munters Group (MMNNF) to Hold from Buy with a price target of SEK 140, down from SEK 200. The data center capex outlook is “the single most important driver” for Munters’ revenues, earnings and sentiment, contends the analyst, who takes a neutral stance without having clear visibility on the topic.