Refile: BUZZ-Yacht maker Ferretti falls after second consecutive guidance cut for 2026

Ferretti

27/10/2026 08:58

Adds dropped word in headline
** Shares in Italy's Ferretti YACHT.MI fall around 3.5% after trimming its core profit guidance for the second time in 2026 
** The yacht maker reiterated its 2026 sales and capex outlook, but lowered its adjusted EBITDA target to €174-185 million ($195-207 million), as its CEO flagged profitability remains below the group's potential
** "Given the now lowered profitability guidance, we expect mid-single-digit percentage cuts to estimates at this stage," JP Morgan says
** "Visibility on 2027/28 remains limited, with coverage significantly lower than a year ago," Equita brokerage notes
** Shares hit €2.40 during the session, their lowest price since April 2025
** Including Tuesday's fall, the stock has dropped by almost 17% YTD​
     
     
($1 = 0.8961 euros)

 (Reporting by Romolo Tosiani)
 ((Romolo.Tosiani@tr.com))