In a report released yesterday, Francesco Brilli from Intermonte maintained a Buy rating on Italian Sea Group S.p.A. (6QN – Research Report), with a price target of €11.50.
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Francesco Brilli has given his Buy rating due to a combination of factors that highlight the Italian Sea Group S.p.A.’s strong market position and growth potential. The company is well-positioned among the top players in the luxury yachting sector, which is steadily expanding. This strategic positioning, combined with its comprehensive business model and facilities, provides a solid foundation for future growth.
Furthermore, the Italian Sea Group has a robust order backlog and high visibility on future prospects, which supports its cash generation capabilities. The potential for further opportunities through the Perini Navi and Picchiotti brands, along with new semi-custom projects, adds additional upside. Despite some conservative adjustments to estimates, the stock’s recent de-rating presents a clear buying opportunity, with a target price set at €11.5, indicating significant upside potential.