Elica S.p.A. (0EA2 – Research Report), the Industrials sector company, was revisited by a Wall Street analyst on February 20. Analyst Alberto Francese from Intesa Sanpaolo maintained a Hold rating on the stock and has a €1.80 price target.
Alberto Francese’s rating is based on Elica S.p.A.’s current market conditions and strategic transformation efforts. The company experienced a decrease in revenues in 2024, with a decline in both its cooking and motors segments, despite some growth in its OEM division. This revenue drop, alongside margin erosion due to ongoing transformation investments, has influenced the Hold rating.
Looking ahead, management anticipates 2025 to be a year of stabilization, with revenue and margin levels similar to 2024. The transformation into a cooking company is expected to enhance Elica’s market positioning, particularly with new product launches like the LHOV. However, the overall market remains weak, and concrete evidence of the transformation’s success is awaited. These factors, combined with cautious future growth estimates, justify the Hold recommendation.
In another report released on February 14, Intermonte also maintained a Hold rating on the stock with a €1.80 price target.
0EA2’s price has also changed moderately for the past six months – from EUR2.330 to EUR1.755, which is a -24.68% drop .