Jefferies analyst Molly Wylenzek maintained a Buy rating on Intercos S.p.A. (ICOS – Research Report) today and set a price target of €16.00.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Molly Wylenzek’s rating is based on a combination of factors that highlight Intercos S.p.A.’s solid market performance and future potential. Despite lowering EBITDA estimates for FY24/25, the company is expected to show strong growth in the fourth quarter with a like-for-like increase of 13.2%. This indicates that Intercos is outperforming despite a moderated market growth forecast.
However, there are challenges such as impacts on profitability due to the packaging mix and a more gradual recovery in profitability. These factors have led to a reduction in the price target from €16.50 to €16. Despite these adjustments, the company’s strong performance relative to peers supports a Buy rating.