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Kepler Capital downgrades Amplifon S.p.A. (0N61) to a Hold

Kepler Capital downgrades Amplifon S.p.A. (0N61) to a Hold

Kepler Capital analyst Niccolo Guido Storer downgraded Amplifon S.p.A. to a Hold on July 31 and set a price target of €16.70. The company's shares closed last Thursday at €14.77.
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Guido Storer covers the Consumer Cyclical sector, focusing on stocks such as Ferretti S.p.A., EssilorLuxottica SA, and De'Longhi S.p.A.. According to TipRanks, Guido Storer has an average return of 14.2% and a 50.94% success rate on recommended stocks.
In addition to Kepler Capital , Amplifon S.p.A. also received a Hold from Bank of America Securities's Julien Ouaddour in a report issued on July 31. However, yesterday, Morgan Stanley maintained a Buy rating on Amplifon S.p.A. (LSE: 0N61).
Based on Amplifon S.p.A.'s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of €587.79 million and a net profit of €32.89 million. In comparison, last year the company earned a revenue of €573.11 million and had a net profit of €34.86 million
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