Intermonte analyst Andrea Randone maintained a Buy rating on El.En. S.p.A. (0RH2 – Research Report) on May 19 and set a price target of €14.70.
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Andrea Randone has given his Buy rating due to a combination of factors that highlight El.En. S.p.A.’s strong financial performance and growth potential. The company’s first-quarter results exceeded expectations, with revenue increasing significantly across all divisions, particularly in the medical and industrial sectors. This robust performance has led to an upgrade in the company’s EBIT guidance, reflecting a positive outlook for the remainder of the year.
Moreover, El.En. S.p.A. has demonstrated improved profitability, with an increased gross margin and a strong net cash position that surpassed previous estimates. The company’s strategic divestment of its Chinese subsidiary and its ability to generate substantial cash flow further bolster its financial stability and growth prospects. These factors, combined with a revised target price of €14.7, support the Buy rating, indicating confidence in the company’s ability to deliver value to shareholders.