Berenberg initiates LISI at 'buy', sees aerospace division as the group's 'crown jewel'

LISI SA

22/06/2026 07:37

   ** Berenberg initiates coverage of French supplier of components and fasteners for the aerospace and automotive industries LISI FII.PA with a "buy" rating, viewing the firm as a high-quality compounder with strong aerospace positions
** The brokerage considers the aerospace division LISI's "crown jewel", adding that accelerating aircraft deliveries will support margin expansion and higher returns for the unit
** LISI's automotive segment has faced volume pressure, but the broker notes product mix optimization and operational efficiencies will boost cash generation and margins
** Following the sale of its medical division, the firm is well positioned for further bolt-on acquisitions with an estimated firepower of roughly EUR 1 billion, brokerage adds
** The brokerage values the manufacturer using a discounted cash flow model to set a target price of EUR 81, offering upside potential to the current share price with LISI shares closing at EUR 67.50 on Friday
** Out of 7 analysts that cover LISI, six rate the stock "strong buy" or "buy" and ​one analyst rates "hold" - LSEG data

 (Reporting by Zakarya Meliani)
 ((zakarya.meliani@thomsonreuters.com))