Top of the Street: Alfa Laval, Wartsila, Subsea 7

Alfa Laval AB

11/11/2024 13:28

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** Morgan Stanley downgrades Swedish engineering group Alfa
Laval  ALFA.ST  to "underweight" from "equal-weight" seeing
organic order growth turning negative in 2025 due to weak tanker
orders
    ** At the same time, the broker ups peer Finnish engineering
group Wartsila  WRT1V.HE  to "equal-weight" from "underweight"
expecting organic revenue growth above the sector average in
2025-26 with orders growing by 3.5% in 2025
    ** Morgan Stanley also upgrades Subsea 7  SUBC.OL  to
"overweight" from "equal weight" seeing an attractive entry
point at the moment and noting that the Norwegian offshore
provider has stood out as a quality name to navigate the
recurring crises in the sector with a strong balance sheet
    ** Goldman Sachs raises German engine manufacturer MTU Aero
Engines  MTXGn.DE  to "buy" seeing "a firm path for growing
returns" that is currently undervalued by the market
    
    
(*Analyst rankings from Thomson Reuters StarMine. The scale is
from 1-star to 5-star with 5 being the best. Analysts are ranked
on earnings accuracy as well as relative performance of
recommendations over trailing 12-month & 24-month periods.)


 (Reporting by Antonis Pothitos and Elviira Luoma)
 ((antonis.pothitos@thomsonreuters.com;
elviira.luoma@thomsonreuters.com))