Munters Group downgraded to Hold from Buy at Berenberg

Berenberg analyst Karl-Oskar Vikstrom downgraded Munters Group to Hold from Buy with a price target of SEK 185, up from SEK 180. The firm remains confident in Munters’ ability to continue to grow and deliver on its financial targets, but says the stock’s current valuation and overall expectations for the company “are somewhat inflated in the near term.”