Bad loan manager doValue rises after Stifel starts with 'buy'

doValue

13/02/2025 11:13

** Brokerage Stifel starts coverage of Italy's doValue
 DOVA.MI  at "buy" with a PT of 2.85 euros ($2.97), citing the
expected consolidation of the asset manager's market leadership
in Southern Europe after the Gardant acquisition
    ** The brokerage expects doValue to reach its 2026 targets
(EBITDA at 240-255 million euros), allowing higher shareholder
returns and more M&A
    ** Its revenue diversification and tech investments are
expected to boost profits and cashflow, the brokerage says
    ** At 11:11 GMT the stock is up 4.21% to 1.73 euros
    ** Out of 3 analysts that cover doValue, two rate the stock
"strong buy" or "buy", and ​one rates it "hold" 


($1 = 0.9593 euros)

 (Reporting by Michela Stasio)