MS sees more order upside for European mining equipment makers

** Morgan Stanley says its project pipeline points to further order upside in 2027 for European mining equipment makers despite a higher bar from mining sentiment

** MS raises Sweden's Sandvik SAND.ST and Finland's Metso METSO.HE to "overweight" from "equal weight", as it favours their growth and backlog potential

** The broker cuts Swedish Epiroc EPIRa.ST to "equal weight" from "overweight" as its upside looks more limited, and UK-based Weir WEIR.L to "underweight" from "equal weight" on mounting aftermarket growth and margin risks