Analyst Federico Pezzetti of Intermonte maintained a Buy rating on IGD SIIIQ S.p.A., with a price target of €5.00.
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Federico Pezzetti has given his Buy rating due to a combination of factors tied to IGD SIIIQ S.p.A.’s improving fundamentals and attractive valuation. The company is showing resilient cash generation, with FFO growing faster than expected, solid occupancy trends in its malls, and a gradual uplift in the core Italian portfolio’s value driven by operating performance rather than multiple expansion.
At the same time, management’s FFO guidance for 2026 appears prudent, leaving room for positive surprises even after factoring in planned asset disposals. The stock still trades at a sizeable discount to gross asset value and on undemanding FFO multiples, while the outlook for a growing, sustainable dividend and ongoing efforts to optimize debt costs support further upside, justifying the raised target price and the Buy recommendation.
According to TipRanks, Pezzetti is ranked #4633 out of 12094 analysts.