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Hold Rating Maintained for Seri Industrial S.p.A. Amidst Uncertain Catalysts and Mixed Performance

Hold Rating Maintained for Seri Industrial S.p.A. Amidst Uncertain Catalysts and Mixed Performance

Giada Cabrino, an analyst from Intesa Sanpaolo, reiterated the Hold rating on Seri Industrial S.p.A.. The associated price target is €4.10.

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Giada Cabrino’s rating is based on several factors that influence the outlook for Seri Industrial S.p.A. Despite some positive operational developments, such as the progress in their TEV.1 and TEV.2 projects and the completion of a complex phase in the Menarini reorganization, these have not been sufficient to warrant a stock rerating. The anticipated catalysts, including the joint venture with ENI, have yet to be realized, and their execution is not expected in the near term due to technical complexities and required lead times.
Furthermore, while the company has shown growth in certain areas, such as the batteries division, and benefitted from a one-off gain related to the Menarini purchase, overall visibility remains limited. The plastics division experienced a decline in sales, and the company’s financial performance in the first quarter of 2025 was somewhat disappointing compared to the previous fiscal year. Given these uncertainties and the low visibility on short-term developments, Cabrino maintains a Hold rating with a slightly adjusted target price of EUR 4.1.

According to TipRanks, Cabrino is an analyst with an average return of -5.5% and a 41.51% success rate. Cabrino covers the Industrials sector, focusing on stocks such as F.I.L.A. Fabbrica Italiana Lapis ed Affini S.p.A., Seri Industrial S.p.A., and EdiliziAcrobatica SpA.

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