Analyst Filippo Migliorisi from TP ICAP MIDCAP maintained a Buy rating on Gentili Mosconi-s.P.A. (GM – Research Report) and increased the price target to €3.60 from €3.40.
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Filippo Migliorisi has given his Buy rating due to a combination of factors surrounding Gentili Mosconi-s.P.A.’s strategic acquisition and its projected financial benefits. The company has recently completed the acquisition of La Manifatture Tessili Bianchi and its subsidiary D-Tex, which is expected to enhance the group’s expertise in premium plain fabrics and contribute significantly to its business operations.
This acquisition is anticipated to support Tintoria Comacina in reaching breakeven by 2025, with La Manifatture Tessili Bianchi committing substantial annual business to dyeing activities. Additionally, the acquisition is projected to boost Emme printing’s volume with a new collection planned for summer 2025. Adjustments in financial estimates reflect this integration, predicting increased revenue and EBITDA, leading to a revised target price of €3.6 and reinforcing the Buy recommendation.
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