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Stock market: Morgan Stanley pushes Prysmian

The company stock specializing in the production of energy and telecommunications cables is highlighted in Piazza Affari, signaling itself as one of the best in the Ftse Mib - Prysmian's prices are dragged up by the positive opinion of Morgan Stanley, which has raised the rating to "overweight".

Stock market: Morgan Stanley pushes Prysmian

In Piazza Affari, the spotlights are on Prysmian, which rises by 1,18% in the late morning, establishing itself as one of the best stocks on the Italian list. The trading volumes are quite lively.

To push the company's shares specializing in the production of Cavi for applications in the industrythe energy and telecommunications is the positive opinion of Morgan Stanley, which raised the valuation of the stock to "overweight", setting the new target price at 22 euros.  

According to the New York investment bank, Prsymian holds a dominant stake in the cable sector, and is a company characterized by strong profitability and a stable business model that offers guarantees for the future. Analyzing the prospects of the Milanese company, Morgan Stanley sees "a 21% upside compared to our target price against a sector average of 5%".

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