In a report released yesterday, Filippo Migliorisi from TP ICAP MIDCAP maintained a Buy rating on Casta Diva Group S.p.A., with a price target of €2.30.
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Filippo Migliorisi has given his Buy rating due to a combination of factors that highlight the positive outlook for Casta Diva Group S.p.A. The company is expected to see a slight increase in margins on its backlog, improved management of working capital, and a reduction in its tax burden in the near future. These improvements are supported by a well-filled order backlog, which provides stronger visibility for the second half of the year compared to 2024, with a significant portion set to be executed in the third quarter.
Additionally, the proceeds from the sustainability-linked bond are poised to support the group’s external growth strategy, with an active M&A pipeline targeting companies with strong cash flow quality. The group’s commercial momentum remains robust, driven by new multi-year contracts and expansion projects in the Gulf region. Furthermore, the normalization of the tax rate from 2026 is expected to positively impact net income, adding to the overall positive outlook for the company.