Goldman Sachs adds Azimut to its Conviction Buy List

Goldman Sachs has added Italy’s Azimut to its Conviction Buy List, saying that the independent asset management company has an upside potential of 34% in the Italian stock market.

Goldman Sachs has also raised Azimut’s target price per stock from €16.9 to €19.5.

Azimut’s stock has gained 100% of its original value since the beginning of the year, most of which is due to the company’s good performance in the asset management sector.

As market experts have highlighted, Azimut’s inflows in May increased by 23%,  – up 20% compared with April.

 

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