Kepler Cheuvreux raises Prysmian to 'buy' on guidance lift

Prysmian

31/07/2026 10:15

** Kepler Cheuvreux ups its rating for Italy's Prysmian PRY.MI to "buy" from "hold", saying the stock price has dropped back to a fair level, while company profits are expected to grow
** The stock had fell around 18% over the last month, according to LSEG data, but jumped around 4.5% on Thursday after the cable maker raised its full-year profit forecast
** Adjusted EBITDA guidance increased by €150 million ($172.57 million) to €2.8-2.9 billion, with management confident about delivering at the upper end of guidance thanks to the contribution of Transmission and Digital Solutions divisions
**  The brokerage raises sales estimates by around 4% across 2026-28, mostly due to higher expected metals prices and favourable currency exchange rates
** Including session's 3.5% rise, the stock has gained 43.32% YTD, per LSEG data
** Out of 21 analysts that cover Prysmian, 12 rate the stock "strong buy" or "buy,"​ eight  "hold" and one "strong sell"​​ - data compiled by LSEG 
     
($1 = 0.8692 euros)

 (Reporting by Mirko Miorelli)
 ((Mirko.Miorelli@thomsonreuters.com))