Luca Bacoccoli, an analyst from Intesa Sanpaolo, reiterated the Hold rating on Aeroporto Guglielmo Marconi di Bologna S.p.A.. The associated price target is €9.40.
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Luca Bacoccoli’s rating is based on a combination of factors, including Aeroporto Guglielmo Marconi di Bologna S.p.A.’s strong performance in the first half of 2025, which led to an upward revision of the company’s earnings per share estimates for the fiscal years 2025 to 2027. The positive outlook is driven by an expected increase in passenger traffic, surpassing historical thresholds, and improved profitability in non-aviation sectors, which helps offset weaker margins in aviation due to higher traffic incentives.
Despite these positive developments, Bacoccoli maintains a Hold rating due to some concerns. The company faces increased operational expenses, particularly from rising staff costs linked to national contract renewals. Additionally, while the target price has been raised to EUR 9.4, the stock’s valuation, trading at a discount compared to the sector average, reflects its smaller size and anticipated negative free cash flow in the medium term due to substantial capital expenditure requirements.
According to TipRanks, Bacoccoli is ranked #5031 out of 9983 analysts.