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FNM S.p.A. Receives Buy Rating from Davide Rimini Due to Strong Financial Performance and Strategic Management

FNM S.p.A. Receives Buy Rating from Davide Rimini Due to Strong Financial Performance and Strategic Management

Intesa Sanpaolo analyst Davide Rimini has maintained their bullish stance on 0EHB stock, giving a Buy rating on August 20.

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Davide Rimini has given his Buy rating due to a combination of factors that highlight FNM S.p.A.’s strong financial performance and strategic financial management. The company’s second-quarter results surpassed expectations, with notable growth in net income driven by a significant revaluation gain. Additionally, FNM’s successful refinancing of EUR 1 billion has extended its debt maturity to 2031, reducing costs and enhancing financial stability.
Furthermore, the management’s confirmation of the full-year EBITDA guidance, despite slower growth projections, reflects confidence in the company’s operational capabilities. The revised net financial position guidance, along with a stable credit outlook from Moody’s, further supports the positive outlook. These elements, combined with a new target price derived from updated valuation parameters, underpin Rimini’s Buy rating for FNM S.p.A.

In another report released on August 20, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a €0.50 price target.

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