Daniele Alibrandi, an analyst from Stifel Nicolaus, maintained the Buy rating on Tamburi Investment Partners Spa (0G9J – Research Report). The associated price target remains the same with €12.40.
Daniele Alibrandi has given his Buy rating due to a combination of factors that highlight the potential growth and strategic positioning of Tamburi Investment Partners Spa. Despite a challenging macroeconomic environment, the management’s cautious optimism for 2025 is supported by the strong foundations of its investee companies. The firm is strategically managing its portfolio and is poised to capitalize on new opportunities, with a focus on rationalization and cost-cutting to maintain consistent margins.
A key highlight is the expansion plan for Eataly, which is expected to drive significant growth, particularly with the introduction of new formats and expansion into airports and international markets. Additionally, the financial strength of the portfolio companies, many of which have strong cash reserves and low debt levels, positions them well for both organic and external growth opportunities. This strategic approach, combined with potential upsides from investment decisions in Germany and stimulus measures in China, underpins Alibrandi’s positive outlook and Buy rating for the stock.
In another report released on March 24, Intermonte also maintained a Buy rating on the stock with a €11.80 price target.