HSBC backs Prysmian, Anglo & Teck join forces - Sep 9, 2025

Prysmian Daily News Update · Sep 9, 2025 · 2m

As of September 9, today’s news sees HSBC’s upgrade of Prysmian’s target price and significant corporate moves in the mining sector, alongside geopolitical developments. HSBC has raised Prysmian’s target price to 87 euros from 74 euros, while maintaining a “buy” rating on the stock. Analysts at HSBC cited a forecasted rebound in investments towards digital solutions, which is expected to drive substantial demand for data centers and new technologies, viewed as "growth accelerators." They also noted that while the slowdown in U.S. construction raises some concerns, Prysmian is well-positioned…