Kepler ups Maire to 'buy', share entry point restored ahead of Q2

Maire SpA

10/07/2026 09:25

** Kepler Cheuvreux upgrades its rating for Italy's Maire MTCM.MI to "buy" from "hold" with an unchanged PT of €17.5 ($20.02), as it sees an attractive entry point for the stock ahead of what should be a strong set of Q2 results
** Shares in the engineering company are currently up 4.5%, after gaining as much as 9% at market open
** Kepler says Maire has so far secure orders for €7 bln in H1, against an FY guidance of €9 bln, leaving room for a guidance raise in Q3
** "A number of positive catalysts can materialise over the next 12 months" it notes, mentioning order intake, acquisitions, a potential IPO for unit NextChem, and outlook improvements tied to the Hail & Ghasha gas project
** Since the shares fell after Kepler's previous downgrade, the stock now benefits from a renewed entry point with an upside of around 25%, before an expected share rebound post Q2 results
** Out of 8 analysts covering Maire, six rate the stock "strong buy" or "buy,"​ one "hold" and one "sell" - LSEG data

($1 = 0.8742 euros)

 (Enrico Sciacovelli)
 ((Enrico.sciacovelli@thomsonreuters.com))