Stifel Nicolaus analyst Tobias Woerner has maintained their bullish stance on 0NVQ stock, giving a Buy rating today.
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Tobias Woerner has given his Buy rating due to a combination of factors, primarily focusing on Buzzi SpA’s strategic positioning and financial performance. The company’s FY-24 results were in line with expectations, showing a slight increase in EBITDA and a stable net cash position, which indicates financial robustness. The European market, particularly in countries like Poland and Germany, has shown strong performance, contributing positively to the overall results.
Despite some challenges in the North American market, Woerner believes that the potential recovery in European volumes and the company’s strategic exposure to this region will outweigh the current difficulties. The management’s cautious yet optimistic outlook for 2025, along with their commitment to maintaining a favorable price-cost evolution, further supports the Buy rating. Additionally, the anticipated positive effects of consolidation changes and the potential for market stabilization in key regions provide a solid basis for future growth, making Buzzi SpA an attractive investment opportunity.
According to TipRanks, Woerner is a 5-star analyst with an average return of 23.8% and an 88.46% success rate.
In another report released today, Barclays also maintained a Buy rating on the stock with a €57.00 price target.