(Finance) – Intermonte confirmed the recommendation (Outperform) and increased the target price (at 7.00 euros per share by the previous 6.00 euros) on the title Sys-Data company listed on Euronext Star Milan that offers innovative computer services and solutions for the main market sectors.
Analysts say that the results of the fourth quarter of 2024 once again highlight the Solidity of the business of Sys and the The capacity of the company to combine organic and external growth. The latest acquisition (A&C Holding), which has been completed to an interesting evaluation, represents a strategic move that allows Sys to expand its range of solutions and unlock cross-saling opportunities, while guaranteeing the company’s management committed through medium/long-term incentives.
Intermonte has modified estimates to reflect recent M&A operations. The new TP still does not take into account the potential additional value that Sys could generate from further M&A, which are estimated at 30-55 million euros, assuming a financial lever between 1.0x and 2.0x.
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