Prysmian Stock: Well On Track To Deliver The ‘Connect To Lead’ Results (OTCMKTS:PRYMF)

News Snapshot:

~UserGI15994093/iStock via Getty Images Since our initiation of coverage, Positive Megatrends & Supportive Capital Allocation Priorities, Prysmian (OTCPK:PRYMF) delivered a >30% total return. Our team has already increased the target price to €43 per share, but after the results for the fiscal year 2023, the company is now > €46 per share. Our supportive equity story was supported by a new high-voltage commission and lower cancellation risk in Prysmian's order book. That said, we supported the company's investment due to higher "renewable energy needs and growing electricity demand." More efficient grid requirements also back this. Ongoing Positive Upside Before commenting...