Prysmian: Stifel still buying, but cuts TP
(CercleFinance.com) - Stifel confirms its 'buy' recommendation on Prysmian shares, with a target price of E75.
2 to E73.3, in the wake of 2024 results that met consensus on EBITDA, with stronger FCF and lower earnings on exceptional items.
We believe that the share price has overreacted negatively to a publication that was broadly in line with expectations, offering an entry point before the 26 March investor day, the broker says about the Italian cable manufacturer.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
2 to E73.3, in the wake of 2024 results that met consensus on EBITDA, with stronger FCF and lower earnings on exceptional items.
We believe that the share price has overreacted negatively to a publication that was broadly in line with expectations, offering an entry point before the 26 March investor day, the broker says about the Italian cable manufacturer.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.