Buzzi stock gains 1.69 percent as UBS cuts its target

Published on 09/25/2026 at 14:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Buzzi stock faces a EUR 34.00 UBS target after a EUR 18.00 cut on September 22, 2026. H1 EBITDA was EUR 483 million, down 8.2 percent year over year.

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 (ISIN IT0001347308) was trading at EUR 37.32 on Milan on September 25, 2026, at 2:21 p.m. CEST, up 1.69 percent from EUR 36.70. The immediate catalyst is UBS, which cut its price target and warned that US cement imports are pressuring regional pricing.

UBS cuts target to EUR 34

On September 22, 2026, UBS downgraded Buzzi from Neutral to Sell and reduced its price target from EUR 52.00 to EUR 34.00, according to Investing.com. The EUR 18.00 reduction puts the new target below the September 25 market price.

UBS also projected earnings per share reductions of 10 percent to 25 percent for fiscal years 2027 through 2030. Its central concern is weaker Southern US demand, where cement imports create more pricing pressure than previously assumed.

H1 EBITDA falls 8.2 percent

Buzzi reported H1 2026 net sales of EUR 2,189 million and EBITDA of EUR 483 million, with an EBITDA margin of 22.1 percent, according to Quartr. The same H1 summary states that EBITDA fell 8.2 percent and net profit dropped 16.8 percent year over year.

The operating picture is therefore mixed in a precise way: sales held at EUR 2,189 million, while profitability weakened. Cement volumes increased 5.4 percent, but ready-mix volumes declined 4.2 percent during H1 2026.

Stock stays below its yearly high

At EUR 37.32, Buzzi stock stood 31.84 percent below its 52-week high of EUR 54.75 and EUR 1.79 above its 52-week low of EUR 35.53 on September 25, 2026. Market capitalization was EUR 6,587,414,703 and volume was 101,690 shares at the same snapshot.

The market is weighing weaker earnings momentum against Buzzi's international exposure. For investors, the key dividing line is whether regional volume recovery can offset US pricing pressure and higher European carbon costs.