Fiera Milano Spa, the Services sector company, was revisited by a Wall Street analyst on November 14. Analyst Simonetta Chiriotti from Mediobanca maintained a Buy rating on the stock and has a €8.20 price target.
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Simonetta Chiriotti’s rating is based on Fiera Milano’s strong third-quarter performance and strategic initiatives that exceeded expectations. The company reported higher-than-expected revenues and EBITDA, with Italian exhibitions and congresses performing particularly well. This success is attributed to strategic moves such as the acquisition of Expotrans, the launch of Host Arabia, and a significant partnership with NAFEM, which organizes major hospitality events in North America.
Additionally, Fiera Milano has secured roles in future global exhibitions and congresses, indicating a promising growth trajectory. The company’s management has confirmed its 2025 guidance at the high end of the range, prompting a slight upward revision of estimates. These factors, combined with the company’s active strategic approach, have led to an increased target price and a Buy rating, as the stock is trading at a lower PE ratio compared to its peers.
0EGH’s price has also changed moderately for the past six months – from EUR5.810 to EUR7.340, which is a 26.33% increase.