Morgan Stanley Rates Stevanato Group Equal Weight with $24 Price Target, Downgraded from $26
Morgan Stanley assumed coverage of Stevanato Group with an Equal Weight rating and a price target of $24, down from $26. Life Science Tools and Diagnostics end market bright spots are beginning to emerge and the firm sees "plenty of catalysts" in the pipeline across its coverage, adding that it sees "lots to like in the space entering 2026." However, a recent industry valuation spike in the second half of the year leaves multiples in "a fair place," so the firm starts the group with an In-Line industry view, the analyst tells investors. Among the group, the analyst identifies Danaher (DHR) as Top Pick.
