Kepler Cheuvreux cuts Italian Sea Group to 'reduce', shares drop

Italian Sea SpA

05/11/2025 10:43

** Kepler Cheuvreux cuts The Italian Sea Group TISGR.MI to "reduce" from "buy", says its "long intake drought" is due to take a toll on the company's 2025 and 2026 performance

** Shares fall over 11%, touch October 2022 lows

** It is likely the yacht maker will cut its FY guidance, the brokerage says

** Due to the average lead time of its projects, a turnaround in TISGR's intake trend is hard to manifest before 2027, it notes

** Out of 4 analysts that cover TISGR, three rate the stock "strong buy" or "buy,"​ and one rates the stock "strong sell"​​

 (Reporting by Philippe Leroy Beaulieu in Gdansk)

 ((Philippe.leroybeaulieu@tr.com))