Analysts lift Prysmian target prices as copper hits high - Oct 3, 2025

As of October 3, today’s news is dominated by rising analyst confidence in Prysmian, alongside developments in the commodities market and broader geopolitical issues. Several major banks have raised their target prices on Prysmian. JP Morgan lifted its target from 87 euros to 94 euros, Deutsche Bank from 85 euros to 97 euros, Jefferies from 84 euros to 102 euros, and HSBC from 87 euros to 100 euros. Barclays reiterated its “overweight” rating with a price target of 102 euros, noting that the upcoming third-quarter results could bring another guidance upgrade. The bank also continues to see Prysmian’s valuation and growth prospects as attractive. On the other hand, Kepler Cheuvreux cut the recommendation on Prysmian SpA to “hold” from “buy”. Meanwhile, Anglo American has initiated arbitration proceedings against Peabody Energy in response to the termination of a purchase agreement for the British mining giant's steelmaking coal assets, the U.S.-based company said on Friday. In August, Peabody withdrew its 3.78 billion dollars bid for Anglo American's Australian coking coal assets, after the two companies failed to agree on lowering the price following a mine fire. Turning to market dynamics, there are substantial movements in the commodities sector, particularly with copper prices reaching a 16-month high, primarily driven by supply constraints and a weakening dollar. This elevation has positioned copper for its strongest weekly gain since April, reflecting ongoing concerns about supply risks following Freeport-McMoRan’s force majeure at its Grasberg mine. From an international development perspective, Japan has identified two areas off the coast of Akita and Fukuoka as promising for offshore wind farm projects. This move aligns with Japan’s broader goal to bolster renewable energy and achieve carbon neutrality by 2050, although recent events in the sector have raised questions about the stability of offshore wind initiatives. In the energy sector, LNG Canada, a Shell-led project, is preparing to commission its second liquefied natural gas processing unit, despite ongoing technical challenges at the first unit. This development is pivotal as it represents North America's expanding role in the global LNG market. On the geopolitical front, the U.S. Supreme Court is set to scrutinize presidential powers in major cases during its new term opening on Monday, including the legality of President Donald Trump's tariffs and his move to fire officials from the Federal Reserve and another agency set up by Congress with safeguards against political interference.