Geberit is up nearly 2% in Zurich, buoyed by a recommendation upgrade by Stifel from 'hold' to 'buy', with a price target raised from 515 to 600 Swiss francs on the sanitaryware manufacturer's stock.

The broker is raising its 2024-25 expectations for the Swiss group, after organic sales fell by just 1.4% in the first quarter, thus outperforming the consensus, which it explains by better-than-expected trends in Europe.

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