BUZZ - HOLD-Top of the Street: Castellum, Terna, Trelleborg
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Goldman Sachs upgrades Castellum to "buy" due to improving macro conditions and corporate restructuring. Jefferies initiates coverage on Terna with a "hold" rating, citing stretched valuation and limited balance sheet headroom. J.P. Morgan starts coverage on Trelleborg with an "overweight" rating, anticipating growth from a completed portfolio transformation.
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