Italy's OVS shines after FY results, Equita ups to 'buy'

OVS SpA

18/04/2024 09:43

** Shares of clothing retailer OVS  OVS.MI  rise as much as
8.9% after its full-year results on Wednesday
    ** Brokerage Equita raises target price to 3.1 euros from
2.8 euros, upgrades the stock to a "buy" from "hold"
    ** Banca Akros earmarks the results as "in-line with
consensus and as expected slightly below our EBITDA forecasts"
    ** According to Akros, the last quarter's EBITDA is "in
absolute terms one of the best quarters ever"
    ** Stock is on track for the best day since February 2023
    ** Shares are up 7.5% by 0825 GMT, outperforming the Italian
all-share index  .FTITLMS , which is up 0.1%

 (Reporting by Romolo Tosiani)
 ((Romolo.Tosiani@tr.com))