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Jefferies raised the firm’s price target on Munters Group (MMNNF) to CHF 160 from CHF 155 and keeps a Buy rating on the shares. The company’s Q1 report was a “positive surprise” and the outlook “appears promising,” with no signs of a slowdown, the analyst tells investors in a research note. The firm says the anticipated rebound in AirTech enhances Munters’ risk/reward profile while the stock’s valuation is at “historic lows, making it a compelling investment opportunity.”
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