Il Autogrill title it is by far the brightest after the first two hours of trading in Piazza Affari. At 11 am, Autogrill shares gained 5,7%, thanks to the opinion of Kepler Cheuvreux who moved his assessment from 'hold' to 'buy' after the recent correction.
Kepler Cheuvreux he also raised the target price from 8,5 euros to 8,8, explaining that the positive assessments derive from the prospects for a good third quarter and the speculative appeal of a possible separation of US activities, which could lead the stock to reduce the discount compared to peers.
Again according to Kepler, the American subsidiary HMS Host represents approximately 80% of Autogrill's enterprise value. However, the broker does not fail to highlight some risks, such as the strong competition that the company controlled by the Benetton family is facing in the USA.
