TP ICAP MIDCAP analyst Michele Mombelli maintained a Buy rating on LU-VE SpA on February 16 and set a price target of €50.00.
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Michele Mombelli has given his Buy rating due to a combination of factors linked to the structural shift in the German heating market. Heat pumps have rapidly become Germany’s leading heating technology, while sales of traditional oil and gas boilers have slumped, creating a powerful tailwind for suppliers of heat‑pump components such as LU‑VE.
Moreover, the EU‑approved €3bn German plan to boost cleantech and heat‑pump production provides long‑term policy support and visibility for OEM investment, which should benefit LU‑VE’s exchanger business. With heat‑pump revenues still a modest share of sales but growing at sustained double‑digit rates through 2026, Mombelli sees attractive upside potential, justifying a Buy rating and a €50 target price.
According to TipRanks, Mombelli is a 3-star analyst with an average return of 6.2% and a 53.33% success rate.