Intermonte analyst Federico Pezzetti maintained a Buy rating on Italian Exhibition Group SpA yesterday and set a price target of €11.50.
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Federico Pezzetti has given his Buy rating due to a combination of factors including the Italian Exhibition Group SpA’s strong financial performance and positive future outlook. The company reported solid third-quarter results with revenues aligning with expectations and profitability surpassing forecasts. Despite a year-over-year decline in organized events due to the absence of biennial exhibitions, the related services division showed resilience, limiting the overall revenue drop.
Moreover, the company has improved its full-year 2025 guidance, focusing on the higher end of its revenue range and raising its EBITDA expectations. The upcoming strategic plan update, expected in early 2026, is anticipated to further enhance the company’s growth trajectory, supported by recent operational successes, expansion efforts, and increased M&A activities. The stock’s current valuation, along with a revised target price, suggests potential upside, reinforcing the Buy recommendation.
According to TipRanks, Pezzetti is ranked #6845 out of 10052 analysts.
In another report released on November 14, TP ICAP MIDCAP also maintained a Buy rating on the stock with a €11.00 price target.