(Telestock) – Equity has reduced to 2.90 euros per share (-9%) the target price on Farmhouses Agriculturala company listed on Euronext Growth Milan and among the Italian leaders in the production of premium wines, confirming the recommendation on the title to “Hold” after the company reported a significantly recovered 2Q revenue but still weak EBITDA and cash generation.
In light of the weak 2Q, analysts have reduced FY estimateswhile continuing to incorporate business improvement in 2H, thanks to easier comparison and also supported by the good start of 3Q.
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