Morgan Stanley upgraded Atlas Copco (ATLKY) to Equal Weight from Underweight with a price target of SEK 170, down from SEK 175. European short-cycle stocks have underperformed the sector in 2024 on softer volume growth, and weaker margin performance compared to electrification names, the analyst tells investors in a research note. The firm is taking a stance on Atlas Copco and Sandvik into 2025.
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