Jefferies cuts Munters to 'hold' on limited near-term growth

Munters AB

23/05/2024 07:55

** Jefferies cuts Munters Group  MTRS.ST  to "hold" from
"buy" saying near-term growth catalysts seem limited and
pointing to the lack of new information at the group's CMD
    ** It says the Swedish dehumidification and cooling
solutions maker's valuation accurately reflects longer-term
profitability growth perspective
    ** It adds the shares have rallied in recent months, up
almost 60% since February, on the AI mega-theme, and now reflect
the potential of the supportive market trends 
    ** Out of six analysts covering Munters, one rates the stock
"buy" and five "hold"

 (Reporting by Anna Chaberska)
 ((Anna.chaberska@thomsonreuters.com))