Carlo Maritano, an analyst from Intermonte, maintained the Buy rating on Aquafil SpA. The associated price target is €2.20.
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Carlo Maritano has given his Buy rating due to a combination of factors that highlight Aquafil SpA’s potential for growth and improved profitability. The company’s recent financial results showed a notable recovery in profitability, with adjusted EBITDA margins expanding significantly due to lower raw material costs and cost-efficiency initiatives. This improvement in margins, despite a slight decline in revenue, underscores the company’s ability to manage costs effectively and capitalize on favorable market conditions.
Moreover, Aquafil’s strategic reorganization in the US is expected to yield further cost savings, enhancing its operational efficiency in the coming years. The company’s focus on maintaining efficiency and profitability, even amidst economic uncertainties, reflects a strong management approach. With a target price increase to €2.20 and an OUTPERFORM rating, Maritano sees substantial upside potential for Aquafil’s stock, supported by consistent performance and a promising outlook for deleveraging and cash generation.
In another report released on August 29, Kepler Capital also maintained a Buy rating on the stock with a €2.00 price target.