MS ups Alfa Laval on strong orders, fair valuation

Alfa Laval AB

05/03/2026 15:07

** Morgan Stanley upgrades Swedish engineering group Alfa Laval ALFA.ST to "equal-weight" from "underweight"  ,citing stronger tanker orders and a fairer valuation

** The broker is 10% ahead of consensus on 2026 marine orders, pointing to a surge in tanker ordering which benefits the company's Framo pump business

** It also points to a strong outlook for the energy division, with tailwinds from data centre liquid cooling exposure and a recovery in heat pump orders

** However, it forecasts below-sector-average growth for EBITA through to 2029 at only 7.4% CAGR

** Out of 18 analysts covering the stock, nine rate it "strong buy"/"buy", six "hold", and three "sell" - LSEG data

(Reporting by Marta Frackowiak)

((marta.frackowiak@thomsonreuters.com))