In a report released today, Andrea Randone from Intermonte maintained a Buy rating on Sesa S.p.A., with a price target of €123.00.
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Andrea Randone has given his Buy rating due to a combination of factors, starting with Sesa’s solid third-quarter performance, where both revenue and EBITDA rose at a double-digit pace and exceeded forecasts, while cash generation also strengthened. Management has reiterated full-year guidance at the top end of the indicated range, supported by robust order visibility and healthy trading across all core business units, including ICT VAS, Digital Green, SSI, and Business Services.
In addition, free cash flow is projected to grow markedly, helped by lower M&A outlays and expected proceeds from disposals, which should further improve the balance sheet. Randone has slightly raised revenue and EBITDA estimates and now foresees annual free cash flow close to €100mn, implying stronger value creation, while the current share price still embeds an attractive discount relative to his €123 target, justifying the Buy recommendation.
In another report released today, TipRanks – OpenAI also reiterated a Buy rating on the stock with a €88.00 price target.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is neutral on the stock.