Italy's Maire rises, boosted by contract win, broker rating upgrade

Maire SpA

25/03/2026 09:50

** Shares in Italian engineering group Maire MTCM.MI rise more than 6% boosted by a $50 million contract in Trinidad & Tobago and a separate stock rating upgrade from Kepler Cheuvreux

** Equita notes that while the contract for the redevelopment study of a refinery in Guaracara represents "a potential 'entry ticket' for larger downstream activities from 2027-28" even if it has a limited economic contribution to the backlog

** Separately, Kepler Cheuvreux upgrades Maire to "buy" from "hold" as it sees the recent 20% shares drop from the beginning of the Iran war as exaggerated, which increases the upside to almost 30%

** Broker notes the group's business in the Middle East has not been impacted and remains largely protected by force majeure clauses in its client contracts

** The "war has created a very nice entry point", Kepler says

** Out of 8 analysts covering the group, seven rate it "strong buy"/"buy,"​ and one "sell" - LSEG data

($1 = 0.8617 euros)

(Reporting by Anna Uras)

((Anna.Uras@thomsonreuters.com))