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via finance.yahoo.comMarkets

Legrand rises over 2% after UBS upgrades to buy with 170 euro target

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Shares in French electrical equipment maker Legrand rose more than 2% on Monday after UBS upgraded the stock to "buy" from "neutral," saying the market was too cautious about the pace of growth in its data centre business. Still guessing which stocks will beat…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA major broker upgrade of an industrial group can move the stock and the data centre theme.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01UBS upgraded Legrand to buy from neutral.
  2. 02The 12-month price target was raised to 170 euros from 160 euros.
  3. 03UBS raised its 2027 adjusted EBITA estimate by 15%, about 7% above consensus.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
LEGDLEGDStock—n/aPositive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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