Elica S.p.A. (0EA2 – Research Report), the Industrials sector company, was revisited by a Wall Street analyst yesterday. Analyst Carlo Maritano from Intermonte maintained a Hold rating on the stock and has a €1.75 price target.
Carlo Maritano has given his Hold rating due to a combination of factors related to Elica S.p.A.’s strategic initiatives and financial outlook. The company’s ongoing transformation plan, which includes expanding its product range and entering new market segments, is expected to start showing results from 2027. However, these projections do not account for potential market dynamics, as visibility remains limited at this stage.
While Elica’s revenue is anticipated to grow steadily, the company faces challenges such as potential tariffs on goods imported into the U.S. from Mexico and increased marketing expenses during its transformation phase. Despite these hurdles, the company’s prudent working capital management is expected to keep financial leverage under control. Given these considerations, Maritano maintains a neutral stance with a target price slightly adjusted to €1.75, reflecting limited downside risks and a stable financial position.
0EA2’s price has also changed slightly for the past six months – from EUR1.755 to EUR1.755, which is a 0% increase.