(Finance) – Intermonte raised the target price on MON-FRIa company listed on Euronext Milan and active in the air heat exchangers sector, a € 27.2 per share (from 25.2 euros) and confirmed the judgement on the title a “Outperform“The review of the recommendation came after the company disclosed the results of the first half of the year, which closed with a turnover of 318.4 million euros (+ 39.9%) and a net profit of 32. , 7 million euros (+ 251.8%).
“The results of the first half of 2022 showed very strong trends – comment the analysts – Although we maintain a rather prudent short-term vision to be consistent with the current macroeconomic prospects, in this report we are updating our estimates, in particular for 2022, and We still are extremely confident about the company’s prospectsas it remains a major beneficiary of huge green investment programs in the US and the EU. “