Prysmian is trading at €103.10, up 4.06%, after Citi reinstated its Buy rating and set a €136 price target, citing longer-term growth prospects in electrification and power-grid investment.
- Investors may also be positioning ahead of Prysmian’s scheduled October 29 Q3 results; no earnings results were reported on October 26.
- The rise follows declines of 7.61% on October 22 and 1.02% on October 23.