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Morgan Stanley: These global stocks will pop as Europe updates its ambitious carbon targets

This photograph shows turbines at the Borkum Riffgrund 2 wind farm, which Orsted owns 50% of.

CharlieChesvick | iStock Unreleased | Getty Images

Analysts at Morgan Stanley have picked multiple stocks set to do well as Europe lays out how it plans to meet its ambitious carbon reduction targets. The investment bank’s picks, which cover renewables, autos and more, come ahead of the EU’s so-called “Fit for 55 Package” due to be announced next week.

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