Equita upgrades Prysmian to buy on digital, M&A, data centre upside

Prysmian SpA

03/06/2026 10:13

** Equita upgrades Prysmian PRY.MI to "buy" from "hold", citing upside from Digital Solutions, M&A optionality and stronger U.S. data centre exposure
** The broker raises its target price by 37% to €178 ($206.7), versus €144 median analyst target  
** Sees Digital Solutions EBITDA doubling to near €800 million in 2028 from 400 million in 2026, up from prior forecast of €550 million, driven by pricing and hyperscaler deals
** Says "particularly favourable" supply and demand backdrop supports Transmission margins, while U.S. tariffs should have a "moderate" impact on Electrification after Section 232  changes 
** Flags strong M&A track record and sees scope for €4-5 billion of deals, saying company could target complementary energy cable assets with sustained margins
** Sees Prysmian strengthening its data centre position (~10% of 2026 sales) via fibre growth, hyperscaler partnerships and its integrated U.S. footprint
** Of 21 analysts covering Prysmian, 12 rate the stock "buy,"​ seven "hold" and two​ "sell" - LSEG data   


($1 = 0.8610 euros)

 (Reporting by Philippe Leroy Beaulieu in Gdansk)
 ((Philippe.leroybeaulieu@thomsonreuters.com))