Broker Recommendations Saipem SpA

Stocks

SPM

IT0005495657

Oil Related Services and Equipment

Real-time Borsa Italiana Other stock markets 16:29:41 20/07/2026 +03			5-day change	1st Jan Change
4.260 ^EUR	+1.38%		-2.65%	+75.67%

07-13	Milan bourse slightly higher on banks and oil, Fineco, MFE, Inwit do well	RE
07-13	Saipem, Subsea 7 Merger to Likely Face Further Scrutiny in EU	MT

Broker Recommendations

06-30	Banca Akros (ESN) Raises Saipem PT, Keeps at Buy	MT
06-26	Berenberg Says Saipem Remains 'Top Pick' as Subsea7 Merger Progresses 'Well'	MT
05-21	AlphaValue/Baader Europe Updates FY26 Estimates for Saipem's EPS, Dividend	MT
05-20	Saipem: EPS upgrade (2026: +18.5%, 2027: 0.0%)
04-23	Saipem: Opinion change, from Reduce to Add
04-22	Saipem: Saipem 1Q26: margin beat masks softer order intake and Hormuz overhang
04-20	Barclays Downgrades Saipem to Equalweight, Boosts PT	MT
04-17	Intesa Sanpaolo Downgrades Saipem to Neutral, Boosts PT	MT
02-25	Saipem: Saipem: Record Q4 Margin, Growth Expected in 2026
01-16	So Central Iran
01-05	BofA Bullish on Saipem Growth Amid Contract Awards; Buy Maintained	MT
23/10/25	Saipem: Saipem Q3: Solid execution, but D&A and working capital weigh on cash
09/10/25	Berenberg: Saipem's Revenue Momentum to Continue in Q3 Amid Shift to New Project Contracts	MT
29/08/25	Saipem: EPS cut (2025: -4.6%, 2026: -6.9%)
19/08/25	Saipem Completes Yellowtail Facility in Guyana	AN
01/08/25	RBC Capital Downgrades Saipem to Sector Perform, Cuts PT	MT
29/07/25	Berenberg Maintains Saipem's Buy Rating on Incoming Orders, Subsea 7 Merger	MT
25/07/25	Saipem: Q2: Operational delivery intact, earnings conversion still lagging
28/05/25	Saipem: A strong backlog and pipeline
25/04/25	Saipem: Q1: Strong FCF, healthy margins, commercial delivery the next test
14/04/25	Mediobanca Ugrades Saipem to Outperform, Cuts PT	MT
03/03/25	Saipem: Q4: Strong execution, robust cash flow, but provisions & merger risks cloud sentiment
28/02/25	Kepler Cheuvreux Upgrades Saipem to Buy, Lifts PT	MT
03/02/25	Stifel Downgrades Saipem to Hold	MT
17/01/25	Kepler Cheuvreux Downgrades Saipem to Hold, Reduces PT	MT