Kepler cuts Maire to hold after 'excessive' rally

Maire SpA

30/04/2026 09:25

** Kepler Cheuvreux cuts Italy's Maire MTCM.MI to "hold" from "buy" after shares in the engineering company jumped around 13% on Wednesday following its Q1 earnings report

** The broker calls the rally "excessive", saying the report offered nothing "materially new"

** Kepler nevertheless raises its price target by 9.4% to 17.5 euros, still implying limited upside, and expects Maire to deliver earnings at the high end of its 2026 guidance

** Shares in Maire are down around 6% at 0800 GMT

** Out of 8 analysts covering Maire, six rate the stock "strong buy" or "buy,"​ one "hold" and one "sell" - LSEG data

 (Reporting by Mirko Miorelli)

 ((Mirko.Miorelli@thomsonreuters.com))