Davide Longo, an analyst from TP ICAP MIDCAP, maintained the Buy rating on OMER S.p.a. (9WR – Research Report). The associated price target was raised to €6.00.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Davide Longo has given his Buy rating due to a combination of factors surrounding OMER S.p.a.’s involvement in the luxury rail tourism sector. The company has played a pivotal role in the refurbishment and engineering of the La Dolce Vita Orient Express project, which marks a significant development in luxury land cruises. This project, led by Arsenale Group and Trenitalia, represents a promising venture with the potential to become the world’s largest private rail fleet.
Furthermore, the successful launch of the first train and the ongoing discussions for additional trains indicate a robust revenue stream, with the first train alone expected to generate around €8 million with a margin of approximately 22%. The potential for further expansion, including a luxury train project in Saudi Arabia, presents additional growth opportunities. These factors, combined with the company’s stable financial forecasts, underpin the Buy recommendation and the target price of €6.0.
In another report released on March 28, Intermonte also maintained a Buy rating on the stock with a €5.40 price target.
9WR’s price has also changed slightly for the past six months – from EUR4.300 to EUR3.910, which is a -9.07% drop .