, an analyst from Equita Sim, maintained the Buy rating on Fiera Milano Spa. The associated price target was raised to €8.20.
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Equita Sim’s rating is based on Fiera Milano Spa’s strategic positioning and financial robustness. The company is establishing itself as a significant international fair hub, with strong momentum across its business lines. This is supported by its substantial free cash flow and net cash position, which provide opportunities for mergers and acquisitions to further enhance growth.
Moreover, Fiera Milano’s ability to host large-scale events and attract global attention, as demonstrated by its successful hosting of the Gastech exhibition, underscores its competitive advantage. The management’s positive outlook, coupled with a strong pipeline for future events, reinforces confidence in the company’s growth prospects. These factors, alongside the potential for increased international visibility and strategic acquisitions, justify the Buy rating and the raised target price.