Andrea Randone, an analyst from Intermonte, maintained the Buy rating on Arnoldo Mondadori Editore SPA. The associated price target was lowered to €3.10.
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Andrea Randone has given his Buy rating due to a combination of factors that highlight the resilience and potential of Arnoldo Mondadori Editore SPA. Despite a challenging market environment, Mondadori has managed to outperform the broader book market, supported by its leadership position and a strong lineup of renowned authors. The company’s Retail division has also shown strength, with non-book sales offsetting declines in book sales, and new store openings contributing positively.
Furthermore, Mondadori’s financial health is underscored by solid cash flow generation, which supports a sustainable dividend policy and potential for accretive acquisitions. The company’s management team is seen as a strong asset, capable of navigating market softness and maintaining profitability. With a target price of €3.1, Mondadori is trading at a significant discount compared to its peers, making it an attractive investment opportunity according to Randone’s analysis.
In another report released on July 16, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a €2.50 price target.