Italy's Carel Industries jumps after Kepler Cheuvreux hikes rating to 'buy'

Carel Industries SpA

11/03/2026 09:31

** Shares of electronics co Carel Industries CRLI.MI up around 6% in early trade after brokerage Kepler Cheuvreux hikes rating to "buy" from "hold" on strong FY25 results

** Brokerage emphasises company's growth, margin expansion and free-cash-flow generation in past fiscal year; expects momentum to continue in Q1FY26

** Reiterates revenue expectations, but raises 2026-27 EPS forecast to "high-single digits" level on stronger expected profitability

** Noting CRLI's net cash position strength, raises PT by 15% to 27.6 euros

** Out of 7 analysts that cover CRLI, four rate it "strong buy" or "buy," rest "hold" - data compiled by LSEG

(Reporting by Mirko Miorelli)

((Mirko.miorelli@thomsonreuters.com))