** Shares of engineering firm Weir Group WEIR.L up 1.77% at 2,300p
** Morgan Stanley upgrades co to "overweight" from "underweight"; lifts PT to 2,560p from 2,080p
** Brokerage highlights that co screens well compared to its peers, as it has the largest exposure to aftermarket revenues across the European mining equipment segment
** "We see a favourable backdrop for the Minerals division, supporting the stock's characteristic as a growth compounder", Morgan Stanley adds
** Last month, WEIR reaffirmed its 2024 forecast
** 14 of 20 brokerages rate the stock "buy" or higher, and six "hold"; their median PT is 2,400p - LSEG
** Up to Friday's close, stock had risen ~22% YTD
(Reporting by Joel Jose in Bengaluru)
((joeljose@thomsonreuters.com))
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