Analyst Andrea Zampaloni from Alantra Equities maintained a Buy rating on Industrie Chimiche Forestali SpA and increased the price target to €8.80 from €8.50.
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Andrea Zampaloni has given his Buy rating due to a combination of factors, including the company’s ability to expand margins and generate cash even in a mixed demand environment. Recent quarterly results showed solid revenue growth driven by industrial segments, a marked improvement in EBITDA and profitability, and an essentially debt-free profile once IFRS items are excluded, all of which underpin the strength of the business model.
He also points to attractive shareholder remuneration and valuation as key elements supporting the recommendation. A higher dividend, an extended buyback program with share cancellation, robust free cash flow yields and visible earnings growth through 2028 lead him to see the current trading multiples as too low, justifying a higher target price and reinforcing his Buy stance on the stock.
According to TipRanks, Zampaloni is ranked #8939 out of 12068 analysts.