Intesa Sanpaolo analyst Davide Rimini reiterated a Buy rating on Recupero Etico Sostenibile S.p.A yesterday and set a price target of €12.10.
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Davide Rimini has given his Buy rating due to a combination of factors, starting with RES’s resilient revenue performance and strengthened balance sheet. The company delivered solid sales growth despite margin pressure from inflation, while the recent capital increase moved it into a net cash position, providing ample financial flexibility to fund its investment pipeline.
Looking ahead, he sees meaningful upside from RES’s strategic projects in chemical recycling, hydrogen and bioplastics, which are expected to materially expand the business and support revenue growth through 2028. His discounted cash flow analysis, using conservative assumptions and no terminal growth, yields a target price well above the current market value, reinforcing an attractive valuation backdrop for the stock.