Deutsche Bank starts Reply with 'hold' on solid organic growth delivery

Reply SpA

19/02/2025 08:56

** Deutsche Bank initiates Italy's Reply  REY.MI  with
"hold" as it sees its organic growth rate to be "notably"
stronger than its peers
    ** The IT and consulting services company has a long-lasting
relationship within its customer base and offers high levels of
specialisation on a local-for-local model, it notes
    ** Reply is strong in innovative technologies, and its
incentivisation mechanisms allow the group to deliver on cross-
and up-selling, it adds
    ** As a result, DB says that even if its organic growth rate
has slowed down, Reply will be able to continue do drive organic
growth at around 8-9%   
    ** Out of 11 analysts that cover Reply, four rate the stock
"strong buy" or "buy", and ​seven rate "hold"

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