Analysts boost Prysmian after strong quarter while energy risks linge - 4 May 2026

As of May 4, today’s news features developments involving Prysmian, alongside geopolitical tensions affecting global markets. Prysmian's share performance remains strong, with recent upgrades in analyst target prices following solid quarterly results. Kepler Cheuvreux has raised its target price to 133 euros from 98 euros, maintaining a 'hold' recommendation, while Mediobanca has increased its price target from 110 euros to 135 euros, endorsing an 'outperform' status. These adjustments reflect analysts' positive reception of Prysmian's confirmed guidance for 2026. Additionally, Intermonte has elevated its target from 94 to 116 euros while keeping a 'neutral' rating, underlining the strategic potential of upcoming agreements with hyperscalers which promise higher-than-average margins and capacity expansion by 40-50%. In the wider market context, significant geopolitical events are influencing trading dynamics. The ongoing tensions in the Strait of Hormuz have heightened uncertainty, particularly in energy sectors. Reports indicated that Iranian forces have engaged U.S. warships, and amidst these tensions, markets have shown volatility, contributing to declines in indexes such as the FTSE MIB, which fell 1.6% today. On the energy front, India reported its highest electricity generation levels since May 2024, driven by extreme heat and rising demand, as consumers face record highs in power usage. Meanwhile, Dutch natural gas prices have seen slight increases due to the ongoing complexities surrounding the Strait of Hormuz, where LNG supplies remain compromised. Amid these developments, the geopolitical landscape continues to shift. The U.S. administration has announced troop reductions in Germany, signaling strained NATO relations while emphasizing the push for European nations to enhance their own defense capabilities.