(Finance) – Barclays he confirmed recommendation (Overweight) And target price (14 euros per share) on Inwit, a company listed on Euronext Milan and active in the electronic telecommunications infrastructure sector, after the publication of the 2023 results and the 2024-2026 Business Plan. Analysts say “underlying growth is solid, if slightly below expectations,” with the core business remaining strong.
The objectives for 2024 and 2026 “remain substantially unchanged”, while “a small surprise was the increase in capex forecasts for the period 2024-2026 of 800 million euros (they were 650 million euros) to accelerate the creation of new sites, the repurchase of land and new growth areas”.
“We continue to consider Inwit as a relatively safe strategy – we read in the research – with the company positively exposed to a series of clear structural factors favorable. The company continues to invest in new growth, with existing MSA structures supporting robust high ROCE growth opportunities ahead.”