Grifols: shares inch up after broker comments

(CercleFinance.com) - The shares of Grifols are up 0.
8% to 23 euros in Madrid on Monday after Morgan Stanley started to cover the stock with an "overweight" rating and 30-euro target price.

Meanwhile, the IBEX 35 index is down 0.5%.

In a note to clients, the broker said delivery on a rare product launch opportunity and margin expansion should drive above-market growth and earnings momentum.

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