Alfa Laval: UBS downgrades stock

(CercleFinance.com) - UBS has downgraded Alfa Laval shares from 'neutral' to 'sell', with a target price reduced from 430 SEK to 334 SEK, implying downside potential of 13% for the Scandinavian engineering group's shares.


"Following 55% share outperformance in the past three years, we see 2024 as a transition year and expect Alfa to underperform as orders take a breather," the broker says.


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