News Formal

Goldman Sachs Bullish on Prysmian, Citing Strong Demand and Earnings Visibility

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 72%

Business Nachrichten

FINANCE,INVESTMENT,ITALY

Goldman Sachs has added Italian cable manufacturer Prysmian to its 'Conviction List - Directors' Cut', a curated list of top European stocks. The investment bank believes Prysmian will benefit from strong secular demand trends, particularly in the high-voltage data center segment, and has superior earnings visibility due to a large backlog. Prysmian's diversified end market exposure and U.S. reshoring exposure also contribute to Goldman's positive outlook.

Goldman Sachs is bullish on one of Italy's cable manufacturing giants: Prysmian . The company is set to benefit from strong secular demand trends and superior earnings visibility, the investment bank said in a Jan. 2 research note. Prysmian makes underground and submarine cables and systems for power transmission and distribution.

Another plus of the company is that it has the "most diversified end market exposure" with 88% of its operations being outside high-voltage, Costa wrote. It also has higher U.S. reshoring exposure, with 34% exposure to U.S. construction, industrial and fiber sectors, she added. Those factors are the reason Costa said she's "more confident" on Prysmian's near- and medium-term outlook.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in CH
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Investing Club's Q3 Earnings Recap: AI Fuels Growth, Goldman Sachs AddedThe Investing Club reviews the third-quarter earnings season, highlighting the positive impact of AI on company performance and the addition of Goldman Sachs to the portfolio.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »