Weir Group upgraded to Buy from Hold at Deutsche Bank

Deutsche Bank upgraded Weir Group (WEGRY) to Buy from Hold with a price target of 2,580 GBp, up from 2,200 GBp, following a transfer of coverage. Weir is delivering against its financial framework, with the company “highly geared” to the mining aftermarket, benefiting from structural growth in key hard-rock exposures, the analyst tells investors in a research note.