Avio hits fresh record high, Intesa SP nearly doubles PT on increased U.S. focus

Avio SpA

08/10/2025 11:06

** Shares in Italian rocket maker Avio AVI.MI rise as much as 10.4%, hitting a fresh record high at 60.3 euros, after Intesa Sanpaolo almost doubles its PT and reaffirms its "buy" rating, seeing upside in the firm's U.S. ambitions

** Avio's decision to move forward with a 400-million-euro ($464.52 million) capital increase proves that the growth initiative in the U.S. solid rocket motors (SRM) engineering niche is solid and accelerating, Intesa says

** "Avio will become more American and, we believe, more visible and appealing to U.S. investors", the brokerage says, nearly doubling Avio's PT to 66.5 euros from 34.5 euros

** This strategic shift is expected to transform Avio from a Europe-focused space company to a more balanced player across regions in the Space and Defence sectors, it adds

** Including Wednesday's rise the stock is up 330% YTD

($1 = 0.8611 euros)

 (Reporting by Laura Contemori, Enrico Sciacovelli)

 ((Laura.contemori@thomsonreuters.com))