Munters Group price target raised to SEK 260 from SEK 255 at Jefferies

Jefferies raised the firm’s price target on Munters Group to SEK 260 from SEK 255 and keeps a Hold rating on the shares. Following recent weakness, the stock outperformed in yesterday’s trading session thanks to a noticeably better-than-expected order intake in DCT and record-high profitability, the analyst tells investors in a research note. The firm adds however that while it remains optimistic about near- to mid-term prospects, Munters’ momentum is “essentially priced in” with the shares trading at all-time highs.