Citigroup starts Maire with 'buy', sees upside from gas spending
28/09/2026 06:56
BUZZ-Citigroup starts Maire with 'buy', sees upside from gas spending ** Citigroup initiates coverage of Maire MTCM.MI with "buy" rating, seeing the Italian engineering group as the best-placed of European equities to benefit from increased global spending on natural gas projects
** It further sees its technology business becoming a second, more profitable driver of growth
** The brokerage's 2029 EBITDA forecast is 13% above consensus
** It sets Maire's PT at €18.00, saying the stock trades at a discount compared to European Service peers
** Maire's stock closed at €12.09 on Friday
** Out of 10 analysts covering Maire, six rate it "strong buy" or "buy," two "hold" and one "sell" — LSEG data
(Reporting by Mirko Miorelli)
Recent news on Maire SpA
See all newsOil services firms face major cost pressure from Iran crisis, execs say
Brief: Maire CEO: No Constraints To Deliver Or Even Accelerate in Middle East Projects If Situation Doesn't Change
Maire's profit jumps as changes in logistic routes support Mideast operations
Brief: Maire 9M EBITDA At €414.3 Mln
Italy - Factors to watch on October 27