Prysmian gains 3.8% on Citi Buy as Terna advances Sicily grid link - 26 October 2026

Prysmian Daily News Update · Oct 26, 2026 · 2m

As of October 26, today’s news sees movements in the market and developments impacting Prysmian and its strategic position within the cable industry. Prysmian is notably highlighted as shares surged by 3.8%, following Citigroup's reinstatement of coverage with a 'Buy' rating and a target price of 136 euros. Analysts at Citi mentioned that despite a challenging climate related to investments in artificial intelligence and data centers, valuations have returned to a more normalized range. Furthermore, BofA sees upside for Prysmian shares even in 'harsh' AI bear case scenario. In related…