UBS cuts target for Buzzi stock from EUR 52.00 to EUR 34.00

Published on 10/06/2026 at 09:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half EBITDA fell 8.20 percent to EUR 482.70 million. Buzzi stock costs EUR 37.72 on October 6, 2026 after EUR 37.59, plus 0.35 percent.

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 (ISIN IT0001347308) faces a sharper analyst view after UBS cut its target from EUR 52.00 to EUR 34.00 and lowered its rating from Neutral to Sell on September 23, 2026, according to MarketScreener. Buzzi stock was trading at EUR 37.72 at Lang & Schwarz on October 6, 2026 at 9:13 a.m. CEST, up 0.35 percent versus the prior close of EUR 37.59.

Half-year EBITDA fell 8.20 percent

Buzzi's first-half 2026 sales reached EUR 2.19 billion, compared with EUR 2.19 billion in the same period of 2025. Consolidated EBITDA fell 8.20 percent year over year to EUR 482.70 million, while recurring EBITDA declined 9.70 percent to EUR 475.20 million, according to Capital.com.

Net profit fell 16.80 percent year over year to EUR 324.50 million in the first half of 2026, while net cash stood at EUR 896.10 million on June 30, 2026. The combination leaves the stock priced near the lower end of its current market range while profitability remains under pressure.

Guidance meets a weaker margin

Buzzi retained recurring EBITDA guidance of EUR 1.10 billion to EUR 1.20 billion for fiscal year 2026. The first-half EBITDA margin was 22.10 percent, according to Quartr.

UBS said its revised stance reflected lower earnings estimates for 2027 through 2030 and expected adjusted EBITDA in the US division to fall 16.00 percent in 2026, according to MarketScreener. The concern is concentrated in weaker southern US demand, import pressure and the effect of input costs on pricing.

Stock stays near yearly low

Buzzi's market capitalization was EUR 6.6 billion on October 5, 2026, while the 52-week range stood at EUR 35.53 to EUR 54.75. Investing.com lists November 5, 2026 as the next earnings date and identifies Buzzi's primary listing as Milan under ticker BZU, with ISIN IT0001347308.

Buzzi's next report will test whether the retained guidance can withstand the first-half decline in EBITDA and margin. The further course of trading is shown by the continuously updated real-time quote of Buzzi stock.