Intesa Sanpaolo analyst Alberto Francese maintained a Buy rating on First Capital S.p.A. today and set a price target of €27.40.
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Alberto Francese has given his Buy rating due to a combination of factors, primarily the strong earnings rebound and value creation in the portfolio. First Capital moved from a small loss to a solid profit, largely thanks to significant fair value gains on key holdings and higher fee income and dividends, confirming the effectiveness of its investment strategy.
In addition, the company has successfully realised gains on several positions, freeing liquidity for new investments while simultaneously enhancing shareholder returns via a high dividend yield. Based on the current net asset value, Francese sees notable upside to his target price, and when combined with the proven track record and generous remuneration policy, this underpins his positive recommendation on the stock.
According to TipRanks, Francese is an analyst with an average return of -2.1% and a 34.48% success rate.