Rotork downgraded to Equal Weight from Overweight at Morgan Stanley

Morgan Stanley downgraded Rotork (RTOXF) to Equal Weight from Overweight with a price target of 350 GBp, down from 374 GBp. The firm adjusted ratings in the European capital goods space as part of its 2026 outlook. In 2026, the firm sees a “selective broadening out” of growth across end markets. However, this will not be a widespread cyclical rebound, so investors should “lean into quality growth,” the analyst tells investors in a research note.