(Finance) – EnVent Italia SIM has lowered the target price (to 0.22 euros per share from the previous 0.50 euros) and the recommendation (to Neutral from Outperform) on the stock TrenDevicea company listed on Euronext Growth Milan and active in the sector of reconditioning high-end hi-tech products.
Based on management guidance and recent results, analysts have revised their 2024-25 estimates, taking into account the expected decline in profitability. According to the updated projections, the accumulated losses that erode the net worth and the burden of financial debt would determine the need for an equity injection.