UBS boosts Prysmian to €105, shares hit all-time high - Oct 8, 2025

As of October 8, today’s news sees strong market momentum for Prysmian, driven by analyst upgrades and record-high share performance. UBS raised the target on Prysmian to 105 euros from 85 euros, maintains “buy” rating. Analysts upgraded their forecasts for the second time in two months. UBS highlighted that Prysmian stands to benefit from U.S. tariffs, has solid exposure to the AI and data center sectors. On the other hand, Goldman Sachs rates the stock a “buy” and raised its target price from 90 euros to 99 euros. On Piazza Affari, Prysmian topped the leaderboard, closing at 91.18 euros, its highest level on record after breaking through the 90 euros threshold. Turning to competitors, NKT shares surged by 4.5% to a record high following an upgrade to a "buy" rating from Jefferies. Conversely, Nexans experienced a decline of 3.4% after Jefferies downgraded its rating to "hold". In broader market news, the International Copper Study Group (ICSG) projected a shift in the refined copper market from a surplus to a deficit by 2026, largely due to slower production growth. This potential shift has raised copper prices, which recently hit a 16-month peak. Simultaneously, Teck Resources announced a cut in its copper production forecast for its Quebrada Blanca mine, impacting shares positively by 2%. Outside of these industrial developments, significant moves are seen in the global arena with SoftBank agreeing to acquire ABB's robotics division for 5.4 billion dollars, indicating a strategic focus on artificial intelligence integration into robotics. Moreover, in the political landscape, the French Prime Minister expressed cautious optimism regarding budget discussions, while U.S. President Trump made headlines with contentious remarks regarding Democratic officials amid escalating political tensions.