Industrie De Nora SpA (DNR – Research Report), the Basic Materials sector company, was revisited by a Wall Street analyst today. Analyst Martin Comtesse from Jefferies maintained a Hold rating on the stock and has a €6.20 price target.
Martin Comtesse’s rating is based on a combination of factors that suggest a cautious approach towards Industrie De Nora SpA. The company is expected to have a modest start, with anticipated growth in its Electrode Technologies and Pools and Water Technologies Systems segments. However, this growth is likely to be tempered by increased costs and an unfavorable product mix, which could impact overall profitability.
Despite the company resetting its guidance, which has resulted in historically low valuation multiples, there remains a degree of uncertainty. This uncertainty is primarily due to limited visibility of future orders, which makes it challenging to forecast long-term performance confidently. As a result, Martin Comtesse has opted for a Hold rating, reflecting a balanced view of potential growth opportunities against existing risks.
According to TipRanks, Comtesse is an analyst with an average return of -1.3% and a 42.92% success rate.
In another report released on April 11, Kepler Capital also maintained a Hold rating on the stock with a €8.30 price target.