Home Business Poste Italiane: target of -4% due to interest rates, BUY confirmed (analysts)

Poste Italiane: target of -4% due to interest rates, BUY confirmed (analysts)

by admin

Despite the warning from Fedex, which had network problems in Europe and suffered from the lockdown in China, Poste confirms an indication of parcel revenues growing y / y in 2H22 thanks to the gradual recovery of inbound volumes from China, which significantly dropped in H2 2021 following the tax changes introduced with the low value consignment and the contribution of Plurima. Equita updates the estimates (Eps 2022-23 +1% / + 2%) by increasing the NII which partly offsets the lower contribution expected from CoP funding and M&P volumes while we consolidate LIS starting from September. The cost of capital was raised to reflect the increase in government yields and the target was raised to 12PS (-4%). BUY confirmed.

See also  War in Ukraine, Lavrov: "West wants total war against Russia"

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy