Analyst Monica Bosio from Intesa Sanpaolo maintained a Buy rating on Arnoldo Mondadori Editore SPA (0KAV – Research Report) and keeping the price target at €2.80.
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Monica Bosio has given her Buy rating due to a combination of factors that suggest a positive outlook for Arnoldo Mondadori Editore SPA despite recent challenges. Although the company reported weaker-than-expected results in a seasonally weak quarter, particularly in the trade books division, there is confidence in a recovery throughout the year. This optimism is based on the anticipated ramp-up of the editorial pipeline and the confirmation of the guidance provided earlier in March.
Furthermore, while the trade books division faced difficulties, the media segment showed a strong performance, driven by digital growth and higher grants. The retail division also demonstrated resilience despite market declines. Management’s confidence in reversing the weak trend in the second half of the year, along with strategic measures to offset rising costs, supports the Buy rating. Bosio believes that the company’s ability to stabilize its business in the upcoming quarters will be evident, maintaining the overall positive equity story.
In another report released on May 15, Intermonte also maintained a Buy rating on the stock with a €3.20 price target.
0KAV’s price has also changed slightly for the past six months – from EUR2.380 to EUR2.175, which is a -8.61% drop .
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