(Finance) – Positive session in Piazza Affari For Amplifona leading hearing solutions company that is part of the FTSE MIB, with several analysts which increased the target price following the presentation of the results for the first quarter of 2024.
Bank of America brought the target price to 42 euros per share (from 40 euros), confirming the Buy rating. “We concluded the call with even more confidence in Amplifon’s ability to achieve excellent operational performances this year – we read in the research – We believe that the management stay prudent keeping guidance unchanged, but we see the potential for an increase over the course of the year.”
Equity brought the target price to 34 euros per share (from 33 euros), confirming the Hold recommendation, underlining that Amplifon has reported a good set of results, with a solid organic performance and a margin higher than our expectations. “We like the business model and the execution abilityas well as improved visibility on 2024-25 estimates following 1Q24 results,” the research reads.
Intesa Sanpaolo he raised to 30.8 euros from 29.8 confirming the Hold recommendation, Banca Akros Akros raised to 37.2 euros from 35.5 confirming the Accumulate recommendation, Morgan Stanley he raised to 37 euros from 36.
Good performance Amplifonwhich stands at 33.84 euros, with a 2.55% increase. At an operational level, a continuation of the bullish session is expected with resistance seen at 34.26 and subsequently at 35.3. Support at 33.22.