Munters Group price target raised to CHF 160 from CHF 155 at Jefferies

Jefferies raised the firm’s price target on Munters Group (MMNNF) to CHF 160 from CHF 155 and keeps a Buy rating on the shares. The company’s Q1 report was a “positive surprise” and the outlook “appears promising,” with no signs of a slowdown, the analyst tells investors in a research note. The firm says the anticipated rebound in AirTech enhances Munters’ risk/reward profile while the stock’s valuation is at “historic lows, making it a compelling investment opportunity.”