Buzzi stock falls as UBS cuts target to EUR 34

Published on 09/23/2026 at 12:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Buzzi stock closed at EUR 37.40 on September 21, 2026, near its 52-week low of EUR 37.30. UBS cut its target from EUR 52 to EUR 34.

Zementwerk mit Drehrohrofen und Kalksteinbruch, Buzzi S.p.A., ISIN IT0001347308 — Fotorealistische Aufnahme eines Zementwerks zeigt Buzzi S.p.A., ISIN IT0001347308, mit Drehrohrofen und Kalksteinbruch, Illustration mit AI erstellt.

Buzzi stock closed at EUR 37.40 on September 21, 2026, only EUR 0.10 above the reported 52-week low of EUR 37.30. The immediate catalyst was a UBS downgrade from Neutral to Sell and a price-target cut from EUR 52 to EUR 34, according to Investing.com on September 22, 2026.

UBS sees pressure on earnings

The revised target is EUR 18 below the September 21 closing price, a difference of 48.1 percent. UBS cited stronger cement-import pressure in the US South and rising European carbon costs as reasons for the downgrade, while cutting its 2027 to 2030 earnings-per-share estimates by 10 percent to 25 percent, according to Investing.com on September 22, 2026.

The market data reported on September 23, 2026, put Buzzi's market capitalization at EUR 6.42 billion. The stock had traded between EUR 37.16 and EUR 54.75 during 2026, while its one-month decline was 8.5 percent and its decline since the start of the year was 28.19 percent, according to MarketScreener on September 23, 2026.

Latest figures frame the debate

For the six months ended June 30, 2026, Buzzi reported revenue of EUR 2.1 billion and adjusted EBITDA of EUR 483 million, according to the company investor-relations information dated September 2026. The figures give the valuation debate two opposing reference points: operating cash generation remains central, while the UBS view places greater weight on pricing and cost risks.

On September 22, 2026, Buzzi shares fell as much as 5 percent to their lowest level since January 2025 after the UBS downgrade. That reaction connects the current price with the revised earnings assumptions rather than with a single trading-session fluctuation, according to ZeroHedge on September 22, 2026.

Buzzi stock stays near yearly low

Buzzi stock trades on Borsa Italiana in EUR, and the September 21 closing price of EUR 37.40 was below the reported 2026 midpoint of EUR 45.96 by EUR 8.56. The key numerical contrast is therefore clear: the shares were close to the annual low, while UBS's revised target of EUR 34 sits another EUR 3.40 below that closing level.