Thyssenkrupp upgraded to Equal Weight from Underweight at Morgan Stanley

Morgan Stanley analyst Alain Gabriel upgraded Thyssenkrupp (TKAMY) to Equal Weight from Underweight with a price target of EUR 8.30, down from EUR 8.70. The firm “neutralizes” its rating on Thyssenkrupp as the risk-reward skew has become more balanced following the recent de-rating of shares, the analyst tells investors. The recent rise in European gas and power prices has “brought energy risk back into focus,” the analyst noted.