Marco Vitale Reiterates Hold on Balanced Outlook, Keeps €3.20 Price Target Unchanged

Mediobanca analyst Marco Vitale reiterated a Hold rating on SECO S.p.A. yesterday and set a price target of €3.20.

Marco Vitale has given his Hold rating due to a combination of factors that balance near‑term headwinds with medium‑term opportunities. Recent results showed only modest revenue growth and some margin pressure, and management’s guidance signals a subdued second quarter, partly due to temporary supply chain issues, which limits confidence in an imminent, sustained acceleration.

At the same time, the company’s strong backlog, robust order intake and growing contribution from higher‑margin, recurring CLEA revenues underpin expectations of a meaningful pickup in growth and profitability in the second half and beyond. With estimates and the €3.20 target price left unchanged, and the stock already trading at demanding earnings and EV/EBIT multiples relative to its current growth visibility, upside appears constrained, leading Vitale to reiterate a Neutral stance rather than move to a more positive or negative view.

7GV’s price has also changed moderately for the past six months – from EUR3.105 to EUR2.635, which is a -15.14% drop .