Andrea Randone, an analyst from Intermonte, reiterated the Buy rating on Arnoldo Mondadori Editore SPA. The associated price target is €3.10.
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Andrea Randone has given his Buy rating due to a combination of factors that highlight Arnoldo Mondadori Editore SPA’s strong market position and financial performance. The company has demonstrated solid results in its core book segments, achieving record market share in both the Trade and Education sectors. This performance is supported by a robust editorial plan and a strong start to the fourth quarter, with market share and sell-out figures showing significant growth.
Furthermore, Mondadori’s financial health is underscored by its strong cash generation, which supports a sustainable dividend policy and potential for further mergers and acquisitions. The company’s stock is currently trading at a significant discount compared to its peers, making it an attractive investment opportunity. Additionally, the management’s confirmation of the full-year guidance, including expected revenue and EBITDA growth, reinforces confidence in Mondadori’s ability to meet its targets and outperform the market.
According to TipRanks, Randone is ranked #2475 out of 10073 analysts.
In another report released on November 14, Intesa Sanpaolo also maintained a Buy rating on the stock with a €2.70 price target.