(Finance) – Citigroup has improved to “Buy” from “Neutral” la recommendation on Aristona group listed on Euronext Milan and active in renewable and high-efficiency solutions for water and space heating, while lowering the target price to 5.8 euros per share from the previous 6.5 euros.
“The end of inventory reduction in the heat pump channel by the end of the second quarter, the bottoming of leading European construction indicators and the recent downward reset of consensus expectations leave room for the stock to recover as the market improves in 2025,” said analysts, who have cut estimates for a slower recovery and potential loss of Russian assets.