Prysmian hits fresh record high following PT increases

Prysmian SpA

15/01/2026 09:55

** Shares in Italy's Prysmian PRY.MI trade up around 3% after Citi confirms its "buy" rating; raises PT by 12% to 102 euros ($118.63) in its Q4 preview

** During the session, the cable maker's share price rose as much as 93.3 euros, hitting a new record high

** Brokerage expects the group to forecast adj. EBITDA outlook for 2026 in a range of 2.65 billion to 2.85 billion euros, driven by the Transmission segment and the full consolidation of U.S. acquisition Channell

** "We remain Buyers. Prysmian’s exposure to growth megatrends in electrification and grid investment should enable it to structurally compound earnings growth", Citi adds, seeing room for outlook upgrades over time

** A Milan-based broker attributes the stock's upbeat performance to Citi's price target increase

** Italian broker Equita also ups its PT by 3% to 96 euros, expecting positive Q4 on the back of solid demand in the U.S., especially in Data Centers

** Prysmian is set to publish its Q4 results on February 26

($1 = 0.8598 euros)

(Enrico Sciacovelli)

((Enrico.sciacovelli@thomsonreuters.com))