Kepler cuts Maire to 'hold' in pause before CMD, shares down 6%

Maire SpA

19/02/2026 10:28

** Kepler Chevreux cuts Maire MTCM.MI to "hold" from "buy" while raising its PT by 15% at 16.00 EUR/Shr ($18.88), as it prefers to "take a break" ahead of the Italian engineering group's Capital Markets Day on March 4

** It points that the shares gained over 20% YTD up to Wednesday's close, on top of rallies over 2024 and 2025

** "While we are confident that awards will come (from ADNOC, for example) ... we need volumes (orders) to look even further forward," says Kepler

** It adds that FY 2025 figures and 2030 targets to be presented at the CMD will probably be attractive and show significant growth, as Maire remains a "top-quality name" for the broker

** Following the rating cut, shares in Maire fall over 6%

** Out of 8 analysts that cover the group, six rate the stock "strong buy" or "buy,"​ one analyst rates it "hold" and one holds a "sell" rating - LSEG data

($1 = 0.8475 euros)

 (Enrico Sciacovelli)

 ((Enrico.sciacovelli@thomsonreuters.com))