Jefferies lifts H2 outlook for European midcaps after Q2 beats
Jefferies expects improving prospects for European midcaps into 2H 2026, citing stronger order intake and more earnings visibility after a positive Q2 reporting season. The bank raised estimates and reshuffled DACH favorites, highlighting Inficon’s recovery, Systemair’s EBIT beat and data-centre cooling exposure, plus a higher Acerinox target. DocMorris and Nagarro were cut to Hold.