Maire 'has all the right ingredients', Bernstein initiates coverage at 'market perform'
BUZZ-Maire 'has all the right ingredients', Bernstein initiates coverage at 'market perform' ** Bernstein initiates coverage of Italy's Maire MTCM.MI with a "Market Perform" rating and a target price of €15 ($17.05)
** With the share price having tripled over the past three years, the rating "is all about valuation", the brokerage says, adding that the engineering company "has all the right ingredients"
** Bernstein also highlights the similarities with Technip Energies TE.PA, noting it expects "these two very similar peers’ share performances to become increasingly correlated going forward"
** Out of 8 analysts that cover Maire, six rate the stock "strong buy" or "buy," one "hold" and one "sell" - LSEG data
($1 = 0.8796 euros)
(Reporting by Anna Uras)
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