Kepler Upgrade Pushes Recordati Share Price Higher as Valuation Narrows Versus Peers
Kepler Cheuvreux upgraded Recordati to 'buy' from 'hold', lifted its price target to €57.50 and cited an improved near-term outlook and attractive valuation after recent moves in the peer group. The brokerage left 2025 forecasts largely intact, trimmed 2026 earnings to account for additional Isturisa-related spending, and expects the company to rep…