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Investing.com - Berenberg has reinstated coverage on Italian tower operator INWIT (BIT:INW) with a buy rating and a price target of EUR12.30, citing strong free cash flow growth expectations.
The reinstatement follows INWIT’s strategic update in March 2025, where the company outlined its financial trajectory for the 2025-2030 period, including a revenue compound annual growth rate exceeding 4%.
INWIT plans EUR1.5 billion in capital expenditures to support organic growth while maintaining stable margins throughout the forecast period, according to Berenberg’s analysis.
The tower company has committed to delivering attractive shareholder returns under its updated capital allocation framework while simultaneously reducing debt levels over time.
Berenberg noted that INWIT is maintaining EUR1 billion in additional financial flexibility, which the company intends to allocate toward new value-accretive projects during the strategic plan period.
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