Kepler Cheuvreux cuts Interpump to 'hold' on flat 2026 guidance

Interpump SpA

16/02/2026 09:46

** Kepler Cheuvreux cuts Interpump ITPG.MI to "hold" from "buy" and slashes its PT by 13.5% to 45 euros after the Italian pump maker gave a weak growth guidance for 2026

** Interpump forecast turnover growth between -2% and +3% for 2026, below market expectations, in its annual report on Friday

** Kepler lowers its overall organic growth estimate to 2.6% for the year, compared to a previous forecast of 5.8%, citing a persisting decline and a difficult comparison basis for the company's Water Jetting business in 2026

** Shares fall as much as 3.5%, extending Friday's losses of more than 18%

** Out of eight analysts that cover Interpump, six rate the stock "strong buy" or "buy" and two "hold" - LSEG data

($1 = 0.8426 euros)

(Reporting by Mirko Miorelli)

((Mirko.Miorelli@thomsonreuters.com))