Analyst Arianna Terazzi of Intesa Sanpaolo maintained a Buy rating on IGD SIIIQ S.p.A., boosting the price target to €3.60.
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Arianna Terazzi’s rating is based on the solid performance of IGD SIIIQ S.p.A. during the second quarter of 2025, despite a year-over-year decrease due to the sale of certain assets. The company demonstrated strong business indicators, including positive outcomes from lease renegotiations and improved financial occupancy rates in Italy. Additionally, there was a notable increase in foot traffic and sales, contributing to the company’s robust operational results.
Furthermore, the company raised its Funds From Operations (FFO) guidance by 2.6%, reflecting a positive trend aligned with management’s optimistic outlook. The ongoing disposal of Romanian assets and a slight portfolio revaluation further support this positive trajectory. IGD’s efforts to manage its liabilities, reduce the cost of debt, and explore refinancing opportunities are also noteworthy. The stock is trading at a significant discount compared to its European peers, suggesting potential for rerating, which underpins the Buy recommendation with a target price of EUR 3.6.
In another report released on August 6, Intermonte also maintained a Buy rating on the stock with a €3.70 price target.