(Finance) – Intesa Sanpaolo he lowered the target price (to 15.0 euros per share from the previous 18.3 euros) and confirmed the recommendation (Buy) on ConstructionAcrobaticsa company specialized in double safety rope construction works and listed on Euronext Growth Milan, given the potential upside of 110%.
Analysts write that EdiliziAcrobatica is holding up well in its traditional businesseswith revenues in Italy growing 16% year-on-year, supported by a large customer base and growing number of contracts. Other European countries also showed increasing sales in the first half of 2024. The company is investing in new businesses and aims to expand geographically to capture new growth niches and adapt to a new scenario of no fiscal support. “We believe it is only a matter of time before the newly launched business bears fruit,” the research reads.