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HSBC lifts Prysmian target as copper stocks tighten and oil rises - 22 May 2026
As of May 22, today’s news features developments surrounding Prysmian and ongoing geopolitical tensions impacting global markets. In a significant update, HSBC has raised its target price for Prysmian from 115 euros to 170 euros. Turning to market updates, available copper stocks at London Metal Exchange warehouses have hit a ten-week low, decreasing to 275,525 metric tons following the cancellation of 53,325 tons earmarked for delivery. This highlights a growing trend as the share of canceled stocks in the LME system has surged to 30%. Analysts note that the cancellations reflect only…
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