Analyst Alberto Francese of Intesa Sanpaolo maintained a Buy rating on First Capital S.p.A. (FIC – Research Report), with a price target of €25.50.
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Alberto Francese has given his Buy rating due to a combination of factors that highlight First Capital S.p.A.’s strong potential for growth and recovery. Despite a challenging market environment, the company has maintained a breakeven bottom line for FY24, demonstrating resilience. First Capital’s strategic focus on investing in companies with significant growth potential, such as Next Geosolutions and ErreDue, has been a key driver in its positive outlook.
Additionally, the company’s portfolio has outperformed relevant market indices, showcasing its robust investment strategy. The acquisition and rebranding of Value Track SIM have further strengthened First Capital’s positioning in the Italian SME segment, enhancing its service offerings. With a calculated net asset value suggesting a substantial upside and a proposed dividend increase, Francese sees significant value in First Capital’s stock, justifying the Buy recommendation.