Analyst Davide Longo from TP ICAP MIDCAP reiterated a Buy rating on eVISO SpA (6Z8 – Research Report) and increased the price target to €9.20 from €8.80.
Davide Longo has given his Buy rating due to a combination of factors that suggest a positive outlook for eVISO SpA. The company has recently completed a technological upgrade that integrates its gas supply chain, allowing it to purchase directly from the GME exchange and transport energy efficiently. This innovation is expected to reduce supply costs significantly, which could enhance the company’s gross margin.
Additionally, eVISO’s improved cash conversion cycle, resulting from changes in payment terms, is likely to strengthen its financial position. The diversification of suppliers and favorable gas price dynamics, influenced by potential geopolitical developments, further support the company’s growth prospects. These factors, combined with an expected increase in gas volume, underpin the positive recommendation for eVISO’s stock.
6Z8’s price has also changed dramatically for the past six months – from EUR5.120 to EUR8.260, which is a 61.33% increase.