FNM S.p.A. Buy Rating Reaffirmed Amidst Strong Revenue Growth and Strategic Confidence

FNM S.p.A. (0EHB – Research Report), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Davide Rimini from Intesa Sanpaolo maintained a Buy rating on the stock and has a €0.66 price target.

Davide Rimini has given his Buy rating due to a combination of factors that highlight FNM S.p.A.’s potential for future growth. Despite a slight dip in EBITDA for the fiscal year 2024, the company showed strong revenue growth in the fourth quarter, driven by robust traffic trends and contributions from its Mobility & Services unit and Railway Infrastructure. This indicates a solid operational foundation that could support future performance.
Furthermore, Rimini’s analysis considers the management’s guidance and updated valuation parameters, which suggest a target price of EUR 0.66. While there are challenges such as the absence of tariff increases at MISE affecting EBITDA growth, the overall outlook remains positive. The reaffirmation of the Buy rating reflects confidence in the company’s strategic direction and its ability to navigate current market conditions effectively.