Kepler Cheuvreux cuts Italmobiliare to 'hold', shares fall

Italmobiliare SpA

12/11/2025 09:07

** Kepler Cheuvreux cuts Italmobiliare ITMI.MI to 'hold' from 'buy' as its sees limited earnings momentum for its portfolio companies post Q3 results

** Shares fall over 0.8% at 09:06 GMT

** Caffe' Borbone's EBITDA had a continued decline YoY despite the historical highs of Robusta coffee prices, Kepler says

** Santa Maria Novella's revenue growth faced forex headwinds and a weak Korean demand, it adds

** "We de not expect any significant exit soon, mainly due to the poor earnings momentum at the main portfolio companies" - Kepler Cheuvreux

** Out of four analysts that cover Italmobiliare SpA, three rate the stock "strong buy" or "buy,"​ one rates "hold" - LSEG data

 (Reporting by Philippe Leroy Beaulieu in Gdansk)

 ((Philippe.leroybeaulieu@tr.com))