BUZZ-Prysmian jumps on read-across from Corning's strong Q4 results
ReutersJan 30, 2025 8:49 AM
Shares in Italy's Prysmian PRY.MI rise as much as 3.9%, with Citi analysts pointing to read-across from U.S. peer Corning's GLW.N strong Q4 results
The results of Corning's optical division, which is comparable with the Italian cable maker's digital solutions unit, saw a 51% year-on-year sales increase, Citi notes
Prysmian continues to offer a "structural growth story at an undemanding valuation", the brokerage adds
As of 0845 GMT, the stock is up 3.6%
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