David Hayes, an analyst from Jefferies, maintained the Buy rating on Intercos S.p.A.. The associated price target remains the same with €15.30.
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David Hayes has given his Buy rating due to a combination of factors including the company’s strategic focus on its core operations, which is expected to help Intercos S.p.A. achieve its fiscal year 2025 EBITDA target of €155 million. Despite a recent decline in overall sales, the miss was primarily in non-essential areas such as packaging, indicating that the core business remains strong.
Furthermore, the anticipated growth in the makeup and skincare segments, projected at 6.4% for the fourth quarter, suggests a positive momentum that is likely to extend into 2026 as key markets recover. This potential market recovery is expected to aid in the stock’s re-rating to an 18 times next twelve months price-to-earnings ratio, reinforcing the Buy recommendation.
In another report released on November 7, Berenberg Bank also maintained a Buy rating on the stock with a €20.00 price target.