Intermonte analyst Giorgio Tavolini maintained a Buy rating on Intred SpA yesterday and set a price target of €16.00.
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Giorgio Tavolini has given his Buy rating due to a combination of factors that highlight Intred SpA’s strong market position and growth potential. The company has demonstrated robust high single-digit organic growth, with recurring revenues making up a significant portion of their total income. This shift towards more stable recurring revenues is a testament to the effectiveness of Intred’s strategic initiatives.
Moreover, the company’s proprietary network in Lombardy provides a competitive edge, allowing it to reach every municipality with at least one school, which supports its growth in the Public Administration segment. Intred’s ability to maintain a low churn rate indicates high customer loyalty and service quality. Additionally, the potential for differentiation in adjacent sectors and opportunities for mergers and acquisitions further bolster the company’s prospects. These factors, combined with the stock’s current trading valuation, support Tavolini’s Buy recommendation with a target price of €16.00.