Comer Industries SpA, the Industrials sector company, was revisited by a Wall Street analyst on September 9. Analyst Andrea Zampaloni from Alantra Equities upgraded the rating on the stock to a Buy and gave it a €41.00 price target.
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Andrea Zampaloni has given his Buy rating due to a combination of factors that highlight Comer Industries SpA’s strategic growth potential. The acquisition of a 70% stake in Nabtesco’s Hydraulic Equipment Business (HEB) is a pivotal move, enhancing Comer’s presence in the Asia-Pacific region and expanding its industrial revenue share. This acquisition not only brings in high-end hydraulic technology but also opens doors to new Tier-1 OEMs, offering significant cross-selling opportunities.
Comer’s strong track record in mergers and acquisitions provides confidence in the successful integration of HEB, despite the inherent complexities. The attractive entry price of the acquisition, coupled with the expectation of medium single-digit EPS accretion from 2026, underpins long-term value creation. Additionally, the anticipated synergies from 2027 and a favorable market re-rating contribute to an increased target price, justifying the upgrade to a Buy rating.