Prysmian: Stifel raises target price
(CercleFinance.com) - Stifel confirms its "buy" rating on Prysmian shares, having increased its target price for them from 38.
5 euros to 40.5 euros, which gives the share upside potential of 31% for the Italian manufacturer of energy and telecommunications cables.
The broker considers it "strongly positioned to benefit from Energy Transition, with a projected acceleration in investments both for interconnectors and offshore wind projects, and from the effects of the infrastructure plans in place in several core markets".
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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.
5 euros to 40.5 euros, which gives the share upside potential of 31% for the Italian manufacturer of energy and telecommunications cables.
The broker considers it "strongly positioned to benefit from Energy Transition, with a projected acceleration in investments both for interconnectors and offshore wind projects, and from the effects of the infrastructure plans in place in several core markets".
Copyright (c) 2022 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.