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.
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
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.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »