Alfa Laval: UBS maintains 'sell' recommendation, raises TP

(CercleFinance.com) - UBS confirms its 'sell' recommendation on Alfa Laval shares, while raising its target price for them from 334 SEK to 398 SEK (cp: 467 SEK, -0.
2%), with its new TP giving the Swedish engineering group's stock 15% downside potential.

"While Alfa looks likely to beat near-term consensus orders we see the opposite for the outer quarters", the broker warns about the heat exchange, fluid separation and transfer specialist.


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