In a report released yesterday, from Intermonte maintained a Buy rating on Mare Engineering Group SpA, with a price target of €8.30.
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Intermonte SIM S.p.A. has given its Buy rating due to a combination of factors that highlight Mare Engineering Group SpA’s strong growth potential and strategic positioning. The company has demonstrated significant growth, driven by strategic acquisitions and a robust order pipeline, which has bolstered its presence in key sectors such as Aerospace & Defence, Infrastructure, and Industry. These acquisitions, including La SIA, Powerflex, and I.D.E.A., have not only expanded Mare Group’s operational scale but also enhanced its technological capabilities, positioning it as a leader in the Italian engineering market.
Furthermore, Mare Group’s alignment with European Union policies on technological reindustrialization and its expertise in advanced technologies like AI and digital twins make it a pivotal partner in major EU programs. The company’s asset-light model supports sustainable margins and operational flexibility, while the integration of new acquisitions is expected to yield industrial synergies and improve profitability. With manageable leverage and strategic initiatives like the takeover bid on Eles, Mare Group is well-positioned to capitalize on future growth opportunities, justifying the Buy rating and the target price of Eu8.30.