(Tiper Stock Exchange) – Intesa Sanpaolo has increased the target price (to 30.4 euros per share of 28 euros) and confirmed the recommendation (Buy) on the title Salcef Grouplisted on Euronext STAR Milan and active in the railway infrastructure sector, after the publication of the results for the first half of 2023.
Analysts write that “solid first half 2023 results have strong momentum confirmed of Salcef, with a sequential acceleration of organic growth in the second quarter and a record order book”.
The management has raised the guidance on revenues for the full year (+30% yoy vs. previous +20%), “that we believe however cautious (which implies a strong deceleration in the second half of the year) – reads the research – This should reassure investors on the solid positioning of the group in the markets for infrastructures for sustainable mobility, characterized by investment plans in the next few years for the modernization of the networks railways”.