(Telestock) – Intesa Sanpaolo he lowered to 12.8 euros per share (from the previous 12.9 euros) the target price on Generalfinancea company listed on Euronext STAR Milan and a financial intermediary specialising in factoring for distressed SMEs, confirming the recommendation “Buy” on the title given the 16% upside.
Analysts write that in 2Q24 Generalfinance reported results slightly lower than expectedwith strong volume growth more than offset by higher provisions, which management expects to recover in 2H24. Fiscal 2024 guidance was confirmed.
“We broadly confirm our 2024-26 guidance, slightly revising our LLP guidance for fiscal 2024, giving credence to management’s new guidance, increasing our net income estimate for the 2024 fiscal year by 2% to 20.9 million euros”, the research reads.
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