3i Group plc (III – Research Report), the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Bruce Hamilton from Morgan Stanley maintained a Buy rating on the stock and has a p4,940.00 price target.
Bruce Hamilton’s rating is based on several positive indicators for 3i Group plc. Despite a modest shortfall in like-for-like growth compared to the previous year, management has addressed stock availability issues, which is expected to improve growth in 2025. Additionally, the company’s EBITDA margin is anticipated to expand, albeit slightly below previous expectations, indicating a stable financial outlook.
Furthermore, 3i Group’s plans to open more stores than initially projected and the increase in total addressable market (TAM) suggest potential for future growth. The private equity portfolio is also showing resilience and progress despite challenging macroeconomic and geopolitical conditions. These factors collectively contribute to a positive outlook, justifying the Buy rating.
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