SGS: stock up with a broker's upgrade.

(CercleFinance.com) - The SGS stock is up over 3% this lunchtime, by far the leader in the Zurich SMI index, boosted by Morgan Stanley which has upgraded its rating from "weight in line" to "overweight," while raising its target price from 2420 Swiss francs to 2740 Swiss francs.


The broker justifies its upgrade of the SGS stock by a better growth outlook for the Swiss inspection, verification, testing and certification services group.

The broker has updated its Best Business Models, which improves the group's ranking in corporate services and has led it to change its preferences.


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