In a report released today, Andrea Randone from Intermonte maintained a Buy rating on Sesa S.p.A., with a price target of €120.00.
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Andrea Randone has given his Buy rating due to a combination of factors that highlight Sesa S.p.A.’s potential for growth and recovery. Despite a challenging fiscal year, the company’s management has set credible and cautious guidance for the upcoming period, with expectations of revenue and EBITDA growth. The focus on organic growth and improved cash flow generation is seen as a positive strategy, aligning with the company’s long-term objectives.
Furthermore, the updated estimates, although slightly reduced, still reflect a strong performance in the Digital Green and Business Services segments. The market’s reaction to recent results was considered excessive, and Randone believes that the company’s valuation remains attractive. The anticipation of improved news flow and the potential for future catalysts, such as the next quarterly release, support the Buy rating, as they are expected to build credibility on the new guidance.
According to TipRanks, Randone is ranked #2428 out of 9841 analysts.
In another report released today, Intesa Sanpaolo also reiterated a Buy rating on the stock with a €129.10 price target.