Morgan Stanley double upgrades UK's Weir Group to 'overweight'

** Shares of engineering firm Weir Group WEIR 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