** Jefferies reaffirms "buy" rating on Italian engineering group Maire MTCM.MI, raising its 2025 EBITDA and revenue estimates above current company guidance on a potential upward FY guidance revision
** Maire shares rise as much as 5.5% to 11.01 euros ($12.46), highest since July 2008
** EBITDA estimate raised by 5% to 463 million euros, revenue estimate up by 4% to 6.4 billion euros - Jefferies
** Maire's CEO flagged a "potential upward revision" to its 2025 guidance, to be communicated with first-half results, Jefferies adds
** Positive read also from British chemicals firm Johnson Matthey JMAT.L agreeing to sell its catalyst technologies unit to Honeywell International HON.O for 1.8 billion pounds ($2.42 billion)
** Johnson Matthey shares soar around 30% following the announcement
** Brokerage Equita notes the transaction supports the valuation of Maire's unit Nextchem at an enterprise value to EBITDA multiples "in the low to mid-teens", as the two businesses share "good" similarities
($1 = 0.8836 euros)
($1 = 0.7445 pounds)
(Reporting by Philippe Leroy Beaulieu)
((Philippe.leroybeaulieu@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.