Legrand

Legrand shares climbed after Deutsche Bank upgraded from Hold to Buy (price target €160) and Morgan Stanley named it a Top Pick (price target €160, Overweight). The banks pointed to accelerated organic growth drivers such as data centres, the energy transition and digital lifestyles, which now account for around 60% of sales. Legrand reported organic revenue growth of 9.8% in H1 2026; management raised the full-year revenue growth forecast to 16–19% and expects 25–30% growth for data centres. The roughly 2.5% share-price gain is seen as a pure corporate signal, but the stock still trades below its 52-week high. » More on de.investing.com

Legrand shares climbed about 2.7% to €140.05 after Morgan Stanley named the company a “Top-Pick” in the European industrials sector, raised the price target from €155 to €160 and reiterated an “Overweight” rating. The bank sees more near-term upside potential than for Schneider Electric and bases its view on Legrand’s raised revenue forecast for 2026 and robust organic growth of 9.8% in the first half. Strong growth in the data center segment (almost one third of sales, >30% global growth) and a neutral-to-supportive market backdrop contributed to the rally. » More on de.investing.com

Barclays has upgraded Legrand from "Equal Weight" to "Overweight" and raised the price target from €159 to €185. The bank cites underestimated near‑term demand from AI‑driven data center investment and believes risks from the shift to 800VDC are overplayed. Barclays increased adjusted EBITA estimates for 2026–2028 by 4–6%, sees an addressable market for electrical, cooling and services of around USD 140bn through 2028, and points to Legrand’s recent acquisitions to strengthen high‑growth segments. » More on de.investing.com

The Legrand share rose after management comments at a JPMorgan conference that dispelled concerns about the company’s strategic positioning in the data center business. Legrand emphasized that growth in the data center sector remains strong and will not end in 2026; the medium-term addressable market is about €400 billion. Analysts, including Phil Buller of JPMorgan, therefore consider the central 'bear case' for the medium-term strategy to be refuted. » More on de.investing.com

Legrand has acquired Girtz Industries of Monticello, Indiana, a provider of modular power supply and generator solutions for data centers as well as industrial and infrastructure customers. Girtz employs around 300 people and generates annual revenue of just under USD 80 million. The acquisition strengthens Legrand’s US business in power supply and data center infrastructure and is the group’s sixth takeover since early 2026; financial terms were not disclosed. » More on de.investing.com