Stifel starts Buzzi with 'hold' awaiting progress on decarbonisation

Buzzi SpA

19/11/2024 09:07

** Stifel starts Buzzi with "hold" as it says further
upsides are connected to the ability of the group to bring down
more markedly its carbon footprint
    ** The Italian construction group's carbon footprint of
4,368 tons for 1 million euros ($1.06 million) of revenue is of
one of the highest of the sector, it says
    ** Buzzi is "one of the best operators in the sector", its
trading is resilient and has potential for upside surprises, but
decarbonisation is a key rating driver, it adds
    ** It sets a price target of 38 euros per share, while at
Monday's close Buzzi traded at 41.64 euros per share
    ** Out of 17 analysts that cover Buzzi, 10 rate the stock
"strong buy" or "buy", ​six rate "hold" and one rates the stock
"sell"

($1 = 0.9447 euros)

 (Reporting by Philippe H. M. Leroy Beaulieu)
 ((Philippe.leroybeaulieu@tr.com))