Filippo Migliorisi, an analyst from TP ICAP MIDCAP, maintained the Buy rating on Italian Sea Group S.p.A. (6QN – Research Report). The associated price target was lowered to €12.70.
Filippo Migliorisi has given his Buy rating due to a combination of factors influencing the Italian Sea Group S.p.A. The company is expected to report solid revenue growth of 14.6% year-over-year, with an EBITDA margin of 17.3%, which aligns with the guidance provided earlier in the year. This momentum is anticipated to continue, supported by a strong order backlog and potential new order announcements in early 2025.
Moreover, despite a recent share price correction, the fundamentals of the Italian Sea Group remain robust, particularly as a leader in the ultra-luxury yacht sector. The company’s strategic diversification and its ability to capture market growth in this niche, along with its resilient client base, enhance its market position. These factors, combined with the current undervaluation of its shares, make it an attractive investment opportunity, justifying the Buy recommendation.
In another report released on March 6, Intermonte also maintained a Buy rating on the stock with a €11.50 price target.