Intercos, Jefferies recommends “buy”.  The title flies – Economy and Finance

Intercos, Jefferies recommends “buy”. The title flies – Economy and Finance

(Teleborsa) – Brilliant advantage for intercomswhich rises sharply, with a gain of 8.36%.

The Jefferies promotion contributes to assisting in the actions. Analysts at the study bureau revised the opinion upwards, bringing it to “buy” from “hold” indicated above. Target price set at €16 against €13.57 at current prices.

In recent days, Intercos announced an agreement with Dolce & Gabbana for the development and production of fragrances and other Hair & Body products, which will support the collaboration that has existed for years between the Dolce & Gabbana brand and Intercos in the area of ​​makeup. segment. The contract has a duration of five years until 31 December 2027 and will imply additional turnover for Intercos from mainly 2023 onwards.

On a weekly basis, the stock trend is firmer than the FTSE Italia All Share. At this moment, therefore, the appeal of investors is directed more intercoms compared to the benchmark.

The short-term technical status of intercoms highlights an expansion of the positive performance of the curve with the first resistance area identified at 13.96 euros. Risk of possible correction to the target of 12.99. Expectations are for a rise in the uptrend line towards the 14.93 resistance area.