Alberto Francese, an analyst from Intesa Sanpaolo, maintained the Buy rating on MARR S.p.A. (0NSS – Research Report). The associated price target is €14.30.
Alberto Francese has given his Buy rating due to a combination of factors, including MARR S.p.A.’s strategic management decisions and expected market recovery. Despite challenges in FY24, such as the closure of unprofitable contracts and a contraction in EUR/kg, the company managed to stabilize its revenues and is poised for a normalization phase in 2025.
Looking forward, the anticipated recovery in consumption and the company’s efforts to enhance operating profitability through efficient cost management are promising. The implementation of a new central platform in Lazio is expected to further support sales and profitability. These factors, combined with a fine-tuned forecast and a revised target price of EUR 14.3, underpin Francese’s confidence in the company’s growth prospects, justifying the Buy rating.
In another report released on March 17, Berenberg Bank also maintained a Buy rating on the stock with a €13.60 price target.
0NSS’s price has also changed moderately for the past six months – from EUR11.620 to EUR10.020, which is a -13.77% drop .