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Strongly rising trades for Safilo in Piazza Affari, where it advanced by more than 7% to 1,528 euros (with a one-month performance of almost + 9%) after the upgrade of Intesa Sanpaolo analysts who raised the recommendation to buy from previous add. On the other hand, the target price was reduced from € 1.93 to € 1.89.
“The 2021 results surpassed 2019 despite the strong change in the brand portfolio that began in 2020 with the progressive elimination of LVMH licenses”, comment the Intesa Sanpaolo analysts who revised upwards the forecasts for EPS for 2022 and 2023 on average by 4.8%.