Citi Research maintains buy rating on Prysmian following share price decline
- 1Citi Research resumed a buy rating based on a 31% decline in Prysmian share price since late June.
- 2The firm projected a 38.5% expected total return for Prysmian, including a 1.2% expected dividend yield.
- 3The share price decline was driven by the high single-digit percentage share of data centers in Prysmian Group revenue.
So what's the key point?
Citi Research has recommended buying Prysmian because its share price has dropped significantly. Although the stock price fell due to the low proportion of data center revenue, the firm expects the stock to rise further.
Source Investing.com · View original ↗
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