Deutsche Bank cuts Prysmian to 'hold', awaits 'better' entry point

Prysmian SpA

09/02/2026 11:07

** Deutsche Bank downgrades Italy's Prysmian PRY.MI to "hold" from "buy", saying it prefers to wait a "better" entry point, potentially following a mid-to-large size acquisition

** The valuation of the world's largest cable maker has "more than closed" its average historical gap to leading EU electricals, DB says

** Prysmian's progress on the U.S. front, where expectations for market share gains were high following copper and aluminium tariffs developments, appears to be slower than expected, DB adds

** While the company could benefit from electrification and data‑centre build‑outs, the potential for short‑term consensus upgrades is limited, according to DB

** Shares were up 19.2%​ YTD, as of Friday's session close

** Out of 21 analysts that cover Prysmian, 13 rate the stock "strong buy" or "buy,"​ six rate "hold" and two​ rate the stock "strong sell" or "sell" - LSEG data shows

 (Reporting by Philippe Leroy Beaulieu in Gdansk)

 ((Philippe.leroybeaulieu@tr.com))