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.