(Tiper Stock Exchange) – Mediobanca has increased to 27.5 euros per share (from 27 euros) the target price on CAREL Industriesa group listed on Euronext STAR Milan and active in the production of components to achieve high energy efficiency in the air conditioning and refrigeration markets, confirming the judgment on title a neutral. The revision of the recommendation came after the publication of the results for the first quarter of 2023, judged to be in line with expectations.
Q1 2023 “confirms that robust growth released by the HVAC division drove overall growth in a year in which REF experienced a temporary slowdown,” the research reads. 2023 should therefore “confirm that CAREL’s growth drivers (energy efficiency, sustainable refrigeration) are structural and resilient, ensuring solid business visibility in the medium term“.