Fine Foods & Pharmaceuticals N.T.M. SpA (FF – Research Report), the Consumer Defensive sector company, was revisited by a Wall Street analyst on March 14. Analyst Giorgio Tavolini from Intermonte maintained a Buy rating on the stock and has a €11.50 price target.
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Giorgio Tavolini has given his Buy rating due to a combination of factors that highlight Fine Foods & Pharmaceuticals N.T.M. SpA’s strong financial performance and strategic positioning. The company’s FY24 results showed better-than-expected profitability, with a significant improvement in margins, particularly in the Nutra+Pharma division. This was achieved despite a slight decline in overall revenues, reflecting effective cost management and operational efficiencies.
Furthermore, the company’s outlook for FY25 remains positive, with expectations of continued growth in the Pharma and Cosmetics business units. Tavolini notes that Fine Foods is well-positioned to capitalize on market trends, such as the expansion of reference markets globally and the outsourcing trend among large players. The company’s strategic investments, including a new Pharma plant, and its ability to leverage synergies across its divisions, further support its potential to outperform its peers and gain market share.