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Prysmian: supported by broker upgrade
(CercleFinance.com) - Prysmian has gained nearly 4% in Milan, boosted by a recommendation upgrade by Jefferies from 'hold' to 'buy', with a price target raised from €58 to €73.
The broker believes that the cable manufacturer remains attractively valued. We no longer see any risk to 2024 EBITDA from price normalization in electrification and de-stocking in telecoms, and are now focusing on the growth potential of power networks", he adds. Copyright (c) 2024 CercleFinance.com. All rights reserved. |
03/03/2025 13:00
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