Analyst Alberto Francese from Intesa Sanpaolo reiterated a Buy rating on MARR S.p.A. (0NSS – Research Report) and keeping the price target at €14.30.
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Alberto Francese has given his Buy rating due to a combination of factors including MARR S.p.A.’s alignment with management’s expectations and the strategic suspension of certain investments. The company is on track to meet its full-year targets with stable prices and a modest increase in volumes, which is anticipated to be bolstered by a positive summer tourist season.
Additionally, the decision to suspend the second phase of investments has allowed for a reduction in capital expenditures, leading to an improved free cash flow yield projected to reach double digits by FY26. This financial strategy, coupled with stable EUR/kg prices and anticipated growth in tourism, supports the reiterated target price of EUR 14.3 and the Buy rating.
In another report released yesterday, Berenberg Bank also maintained a Buy rating on the stock with a €13.60 price target.
0NSS’s price has also changed slightly for the past six months – from EUR9.480 to EUR10.350, which is a 9.18% increase.
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