Alberto Francese, an analyst from Intesa Sanpaolo, maintained the Buy rating on LU-VE SpA. The associated price target is €38.00.
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Alberto Francese has given his Buy rating due to a combination of factors including a notable recovery in LU-VE SpA’s revenues during the second quarter of 2025. This recovery was driven by both increased prices and volumes, which led to an improvement in the adjusted EBITDA margin. Despite some short-term uncertainties, the company is expected to see accelerated revenue growth in the second half of 2025, supported by a robust order book.
Additionally, the company experienced a significant increase in order intake, particularly in sectors like industrial cooling and data centers, which contributed to the revenue growth. The management’s expectation of continued revenue acceleration, bolstered by strategic investments in the US and China and a favorable market environment, further supports the Buy rating. The anticipated growth in unlevered free cash flow by approximately 50% compared to 2024-25 levels, along with a fine-tuned forecast for FY25-26, underscores the potential for high single-digit secular growth from 2026 onwards.
In another report released on September 11, Intermonte also maintained a Buy rating on the stock with a €39.20 price target.