Analyst Alessio Olmi from TP ICAP MIDCAP reiterated a Buy rating on Somec S.p.A. and keeping the price target at €20.00.
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Alessio Olmi has given his Buy rating due to a combination of factors that highlight Somec S.p.A.’s strategic positioning and growth potential. The company has secured a significant $29 million contract in the United States through its subsidiary, Fabbrica LLC, which will enhance its presence in the civil segment and contribute to its international diversification strategy. This project, involving the construction of a façade for a major hospital in Hartford, Connecticut, is expected to have a positive economic impact between the second half of 2026 and 2027.
Additionally, Somec’s involvement in the ultra-luxury cruise segment, particularly through its partnership with Fincantieri, further solidifies its market position. The recent order for a luxury cruise ship worth nearly €1 billion underscores the strong demand in this segment and supports the company’s backlog visibility into 2026. These strategic moves demonstrate Somec’s robust business model and leadership, justifying the Buy recommendation with a target price of €20.
SOM’s price has also changed moderately for the past six months – from EUR12.400 to EUR14.900, which is a 20.16% increase.