(Finance) – Intermonte he lowered to 33 euros per share (from 36 euros) the target price on Tinextaa company listed on Euronext STAR Milan and active in Digital Trust, Cybersecurity and Innovation & Marketing services, maintaining judgement on the title a “Buy“The review of the recommendation came after the company approved its results for the first half of 2022, which analysts describe as” in line with expectations. “The estimates have been revised to take into account the divestiture of the Credit Information & Division. Management.
Intermonte continues to positively evaluate the stock, as Tinexta should benefit from: structural growth of companies exposed to the digitization process; opportunity to cross-selling between divisions; further augmentations M&A transactions to enter new geographical areas, expand the customer base and complete the product offering.
“In the coming months, we believe that the market focus will mainly be on how the company reinvest the proceeds from the sale of the Credit Information & Management division, considering that the firepower in the next few years will be quite substantial (over 400 million euros in the next 3 years) “, reads the research.
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