TP ICAP MIDCAP analyst has reiterated their bullish stance on MS stock, giving a Buy rating on September 2.
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TP ICAP (Europe) S.A. has given its Buy rating due to a combination of factors that highlight Misitano and Stracuzzi S.p.A.’s resilience and strategic positioning despite current challenges. The company is navigating a tough environment marked by persistent high raw material costs and tariff uncertainties, yet it continues to demonstrate strong commercial performance and expects to achieve double-digit revenue growth in 2025. This growth is supported by a robust client base and strategic organizational enhancements, including key hires in strategy and U.S. sales to broaden its growth platform.
Furthermore, the company is well-positioned to capitalize on potential opportunities arising from tariff dynamics, as larger competitors may face greater challenges. Although the short-term outlook remains difficult with margin pressures and limited visibility on cost recovery, M&S’s ability to maintain close client relationships and invest in its industrial platform suggests it could emerge stronger once market conditions stabilize. These factors underpin TP ICAP’s confidence in the company’s medium-term prospects, justifying the Buy recommendation despite the adjusted target price.
In another report released on September 2, Intermonte also maintained a Buy rating on the stock with a €3.50 price target.
MS’s price has also changed moderately for the past six months – from EUR3.400 to EUR2.310, which is a -32.06% drop .