Bruno Permutti, an analyst from Intesa Sanpaolo, maintained the Hold rating on Avio S.p.A. (0R9S – Research Report). The associated price target is €19.10.
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Bruno Permutti has given his Hold rating due to a combination of factors including the recent significant increase in Avio S.p.A.’s stock price, which has risen approximately 50% over the past six months. This substantial appreciation in value suggests that the current stock price may already reflect the company’s improved mid-term outlook and positive business developments.
Furthermore, while the company has shown better-than-expected revenues and a strong order backlog, with notable contributions from the Vega E and Vega C programs, the operating profitability remains broadly in line with expectations. The cautious 2025 EBITDA guidance, despite an optimistic medium-term outlook, indicates that while there are growth prospects, the immediate financial performance may not warrant a more aggressive rating than Hold at this time.
In another report released on March 17, Intermonte also downgraded the stock to a Hold with a €21.00 price target.