Mediobanca has begun coverage of SIT stock, a Paduan company listed on the MTA which develops, engineers, produces and distributes solutions and components for industrial applications: the target price is 9 euros (compared to the current 6,8), with an Outperform rating.
“After a transitional 2019 – states Mediobanca's analysis -, we expect a constant improvement in the company's fundamentals. We expect SIT's solid competitive positioning and unceasing commitment to product development to ensure good protection, even if the penetration of new heating technologies (e.g. heat pumps) is something we will monitor closely below. We see a double-digit upside and SIT as an attractive value proposition in the industrial mid-cap space, starting the coverage of the security with an Outperform rating”, adds Mediobanca.
