Kepler Cheuvreux ups Italy's Trevi to 'hold' on faster-than-expected deleveraging

Trevi Finanziaria Industriale SpA

14/11/2025 08:47

** Kepler Cheuvreux upgrades Italy's Trevi Finanziaria Industriale TFI.MI to "hold" from "reduce," citing a sharp stock price rise and faster-than-expected deleveraging

** The brokerage highlights the company's nine-month deleveraging of 21 million euros ($24.49 million) already exceeds its full-year forecast of 16 million euros

** It also notes the company has exited Italy's financial markets watchdog Consob's "grey list", which required it to disclose additional quarterly financial information

** Following the "violent reaction of the stock price" after Kepler Cheuvreux's recent downgrade, the broker raises its price target to 0.44 euros from 0.42 euros

** It adds that strong Q3 order intake at 171 million euros (+9% year-on-year) supports its view that the company is on track to meet the broker's estimates of 690 million euros for the full year

($1 = 0.8575 euros)

 (Reporting by Laura Contemori)

 ((Laura.contemori@thomsonreuters.com))