(Tiper Stock Exchange) – Intesa Sanpaolo has increased the target price on the title from Salcefa company listed on Euronext STAR Milan and active in the railway infrastructure sector, a 28 euros per share (from 24.5 euros) and confirmed the judgment on the title to “BuyThe review of the recommendation comes days after the release of the 2022 results.
“Considering the record backlog of 1.7 billion euros (2.5 years of visibility) combined with higher investments planned by infrastructure managers nationals, we confirm our positive position on the prospects of the railway infrastructure”, reads the research.
The broker has increased net income estimates for the period FY23-24 on average by 9%, now forecasting a net profit of €69.3 million in FY23 and a jump to €85.6 million in FY24.