Nexi S.p.A : Potential takeover bid from CVC – Little upside on Q1 2023 results
>Outperform rating reiterated in a context favourable to a re-rating of the share – EPS estimates cut by 5% for 2023-2024 after a company contact, TP € 10 - We reiterate our Outperform rating on Nexi in a context that is favourable to a re-rating of the share (possible takeover bid from CVC). After a company contact, we nonetheless adjust our target price to € 10 (vs € 13) given the downward revision of ~5% to our 2023-2024e EPS estimates (higher interest expense + mo...Nexi SpA. Nexi SpA is an Italy-based financial technology company. The Company is specialized in the payment technology field offering digital services and infrastructure to banks, businesses, institutions and the public administration.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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