Leonardo: UBS remains neutral on stock

(CercleFinance.com) - UBS believes that the outlook is bullish, especially from 2026 onwards.
However, the analyst confirms his neutral recommendation on the stock, with a TP of E16.6, which represents downside potential of -16%.

The analyst firm emphasises the bullish plan, particularly on anticipated orders throughout the plan and cash conversion.

Expected cost savings are high, but look heavy in the end, UBS says.


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