Analyst Giorgio Tavolini of Intermonte maintained a Buy rating on Fine Foods & Pharmaceuticals N.T.M. SpA, boosting the price target to €12.00.
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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 growth potential. The company has demonstrated impressive results, surpassing expectations in revenue, adjusted EBITDA, and adjusted net profit. This growth is supported by robust margins, particularly in the second quarter, and a strategic focus on cost efficiency.
Despite some challenges in the Nutra segment, the company’s outlook remains positive with a strong backlog and multi-year contracts that ensure sustained growth. The expansion of production facilities and a new R&D lab further bolster its capabilities, while the potential for mergers and acquisitions could enhance its portfolio diversification. These factors, combined with a favorable sector trend towards outsourcing, contribute to the increased target price and the Buy rating.