In a report released on August 8, Federico Pezzetti from Intermonte maintained a Buy rating on Italian Exhibition Group SpA, with a price target of €10.50.
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Federico Pezzetti has given his Buy rating due to a combination of factors including Italian Exhibition Group SpA’s solid financial performance and promising future outlook. The company’s second-quarter results for 2025 were positive, with revenues and EBITDA aligning closely with expectations, reflecting robust performance in their organized events and congress divisions. Additionally, the company has confirmed its guidance for the full year, aiming for significant revenue and EBITDA growth, which reassures investors of its stability and growth potential.
Moreover, the management’s plans to accelerate capital expenditures and the anticipated new business plan in the autumn are seen as potential catalysts for further growth. Despite some economic uncertainties, the stock is considered undervalued compared to historical multiples, making it an attractive investment opportunity. The target price has been raised to €10.50, reflecting confidence in the company’s strategic direction and financial health.
In another report released on August 5, TP ICAP MIDCAP also reiterated a Buy rating on the stock with a €9.00 price target.