In a report released yesterday, Alberto Francese from Intesa Sanpaolo maintained a Buy rating on Biesse SPA, with a price target of €7.60.
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Alberto Francese has given his Buy rating due to a combination of factors, notably the early signs of stabilisation in order intake and the supportive policy backdrop. Despite a mid-single-digit decline in first-quarter sales, the underlying contraction at constant currencies was modest and concentrated in specific product lines, while service and related activities held steady, indicating a resilient core business.
Francese also highlights management’s ongoing efficiency measures, including cost savings, workforce optimisation and a focus on strategic product and commercial functions, which should underpin margins once volumes recover. He points to management’s guidance for a gradual improvement in orders, helped by upcoming super-depreciation incentives in Italy, and maintains earnings projections alongside a revised EUR 7.6 DCF-based target price, concluding that downside to estimates appears limited and the risk-reward remains attractive for investors.
0DUK’s price has also changed moderately for the past six months – from EUR5.670 to EUR4.880, which is a -13.93% drop .