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Metso gets a lift

Morgan Stanley has upgraded its investment rating for Finnish mineral processing equipment maker Metso (HEL:METSO), factoring in strong financial momentum in the second half of 2017 and into 2018.

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Metso's mining order intake for the September quarter is forecast at €160 million

The bank has upgraded the company to equal-weight, from underweight.

“Our analysis of a typical one to two years delay in order intake in upstream mining applications to downstream suggest...