UBS cuts Ferretti citing market dynamics and execution risk

Ferretti

05/08/2026 15:21

** UBS cuts Ferretti YACHT.MI to "neutral" from "buy" citing challenging market dynamics and execution risk associated with strategic changes 
** Italian yacht maker's H1 results impacted by a challenging market backdrop; co cuts annual guidance 
** "While we see limited downside risk to the valuation, we also see few near-term catalysts to drive positive share price momentum" - UBS
** Brokerages sees execution risk related to strategic changes within the group, citing a shareholder feud that dominated the first half of the year
** "While the valuation may appear attractive, the combination of subdued momentum, earnings risk and a lack of clear catalysts means the shares may remain range-bound in the near term" - UBS
** UBS cuts PT to €3.15 from €3.70
** Out of 7 analysts that cover Ferretti, four rate the stock "strong buy" or "buy" and ​three "hold" - LSEG data

(Reporting by Fabrizio La Rocca)
((Fabrizio.larocca@thomsonreuters.com))