Goldman Sachs downgraded Weir Group (WEGRY) to Neutral from Buy with a price target of 2,900 GBp, up from 2,570 GBp. The firm sees limited share upside potential given the absence of large orders in Q3. Further, a moderation in Weir’s Minerals Aftermarket orders from the previous quarter “leaves a high hurdle” for Q4, the analyst tells investors in a research note.
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