MLP SE Receives Buy Recommendation from NuWays AG

MLP SE, a diversified financial services company listed under ISIN DE0006569908, has received a 'Buy' rating from equity research firm NuWays AG. The firm sets a target price of €12.00 for MLP SE shares, maintaining its positive outlook based on the analysis dated May 13, 2024. Analyst Henry Wendisch anticipates a strong quarter for MLP, predicting a 14% year-on-year increase in EBIT to €37 million, supported by significant contributions from its Wealth Management and Interest Income sectors.

T he Q1 predictions highlight a revenue growth of 7% to €280 million, driven by a 10% increase in Wealth Management and a 70% surge in Interest Income. This growth comes despite expected stagnation in Real Estate due to a lack of new projects. MLP SE's conservative full-year EBIT guidance of €75-85 million seems understated against analysts' expectations, suggesting potential for upward revisions. Wendisch argues that MLP SE’s market evaluation does not fully appreciate its diverse business operations and strong liquidity position.