(Tiper Stock Exchange) – Intermonte has increased to 4.4 euros per share (from 3.80 euros) the target price on Homera company listed on Euronext Growth Milan and active in the sector of components and interior furnishings for railway transport vehicles, and maintained the judgment on the title to “OutperformThe revised recommendation came after the company reported its 2022 results.
Analysts point out that Omer posted “a set of 2H22 results well above forecasts thanks to a greater contribution of price recovery actions negotiated with customers in order to offset some of the cost inflation”.
The borker has significantly increased the estimates based on better than expected FY22 results and FY23 guidance. EPS up about 20% on higher operating forecasts.
“While inflationary dynamics have weighed on profitability, we consider overall profitability and return on capital as a further strength of the company – reads the research – Also in light of the solid indications for 2023 and the attractive valuationwe confirm our positive view on the stock”.