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TE — Technip Energies News Story

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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)

((Anna.Uras@thomsonreuters.com))

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