BUZZ — Goldman Sachs cuts GVS to 'neutral' from 'buy' on limited upside
* Goldman Sachs cuts Italy's GVS to "neutral" from "buy" on limited upside, leaving the target price unchanged * The stock has risen 12% since Sept. 24, after the filtration solutions provider unveiled its 2026-28 business plan, targeting over 27% EBITDA margins by 2028 and upgrading consensus on 2028 adjusted EBITDA * "With forecasts that are now only low-to-single digits ahead of consensus, we believe expectations for higher growth and margins are largely priced into the shares," says the broker * "Further share price outperformance will therefore require further guidance upgrades," Goldman Sachs adds, but sees no guidance change in the near term given the recency of the business plan * Out of 5 analysts that cover GVS, 3 rate the stock "buy" and 2 rate "hold" (Reporting by Fabrizio La Rocca) ((Fabrizio.larocca@thomsonreuter.com)
* Goldman Sachs cuts Italy's GVS to "neutral" from "buy" on limited upside, leaving the target price unchanged * The stock has risen 12% since Sept.
24, after the filtration solutions provider unveiled its 2026-28 business plan, targeting over 27% EBITDA margins by 2028 and upgrading consensus on 2028 adjusted EBITDA * "With forecasts that are now only low-to-single digits ahead of consensus, we believe expectations for higher growth and margins are largely priced into the shares," says the broker * "Further share price outperformance will therefore require further guidance upgrades," Goldman Sachs adds, but sees no guidance change in the near term given the recency of the business plan * Out of 5 analysts that cover GVS, 3 rate the stock "buy" and 2 rate "hold" (Reporting by Fabrizio La Rocca) ((Fabrizio.larocca@thomsonreuter.com)