Munters Group downgraded to Hold from Buy at Jefferies

Jefferies downgraded Munters Group to Hold from Buy with a price target of SEK 255, up from SEK 195. The firm said it raised its EPS estimates to reflect a more bullish stance on mid-term performance. However, given the lack of new information at the Capital Markets Day, near-term catalysts appear to be limited, except from sizable data center orders that are already priced in, the analyst tells investors in a research note.