Arianna Terazzi, an analyst from Intesa Sanpaolo, maintained the Buy rating on IRCE SpA. The associated price target was raised to €3.40.
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Arianna Terazzi has given her Buy rating due to a combination of factors that highlight both the challenges and opportunities facing IRCE SpA. Despite the company’s recent underperformance, marked by a decline in revenues and net income, Terazzi sees potential in the medium to long term, driven by strategic expansion projects and the global energy transition.
The company’s ongoing investments in new facilities in the Czech Republic and China are expected to bolster future growth, even as short-term market conditions remain challenging. Additionally, cost efficiency measures are anticipated to support profitability, with a projected improvement in EBITDA margin. The updated discounted cash flow model suggests a target price of EUR 3.4, reinforcing the Buy rating as the company positions itself for future success.
According to TipRanks, Terazzi is a 4-star analyst with an average return of 12.7% and a 41.67% success rate.