Wartsila downgraded to Underweight from Equal Weight at Morgan Stanley

Morgan Stanley downgraded Wartsila (WRTBY) to Underweight from Equal Weight with a price target of EUR 30, up from EUR 23.50. The stock market optimism on Power has created “a rising tide that has floated all boats,” but for Wartsila the firm does not see sufficient consensus upgrades coming to justify the current valuation, the analyst tells investors.