Italy's Danieli falls on Kepler Cheuvreux removal from Italian top picks

Danieli & C Officine Meccaniche SpA

03/09/2026 10:42

** Shares in Italy's Danieli DANI.MI are down 7% following Kepler Cheuvreux' tactical removal from their "Italian top picks" ahead of financial results 
** A Milan-based trader says profit-taking set in on the stock following Kepler's decision
** Danieli is set to present its FY results on September 25, and the brokerage says it expects Q2 revenue "to have been impaired by delays and logistical complexities, with the latter denting margins"
** Kepler Cheuvreux cut its forecast for FY EBITDA by 10% to €447 million ($519 million), saying it no longer believes the EBITDA guidance can be exceeded
** The brokerage maintained Danieli's "buy" rating, but removed the stock from its "Italian top picks" list, and lowered the target price by 4% to €80
** Including today's fall, the stock is up 19% year-to-date


($1 = 0.8619 euros)

 (Anna Uras and Giancarlo Navach)
 ((Anna.uras@thomsonreuters.com))