Italian Stocks Little Changed; Campari, Impregilo, Saipem, UniCredit Move
Italy’s FTSE MIB Index ended little changed, rising less than 0.1 percent to 20,568.91 in Milan.
The following stocks were among the most active on the Italian market today.
Atlantia SpA (ATL IM), Italy’s largest toll highway operator, increased 35 cents, or 2.3 percent, to 15.4 euros, a third gain this week. Gruppo Banca Leonardo reiterated a “buy” recommendation, citing “positive traffic trend.”
Banca Popolare di Milano Scrl (PMI IM) dropped for a second day, losing 4.5 cents, or 1.2 percent, to 3.57 euros. Exane BNP Paribas downgraded the lender to “neutral” from “outperform.”
Damiani SpA (DMN IM) advanced 3 cents, or 3.7 percent, to 84 cents, the highest in three weeks. UniCredit Research upgraded the jeweler to “hold” from “sell.”
Davide Campari-Milano SpA (CPR IM) dropped 11.25 cents, or 2.7 percent, to 4.1 euros, the lowest this month. BofA Merrill Lynch Global Research downgraded the maker of Skyy vodka and Wild Turkey bourbon to “neutral” from “buy.”
Impregilo SpA (IPG IM) gained 6.75 cents, or 3.3 percent, to 2.09 euros, the highest in more than a month. Banca Akros reiterated a “buy” rating on Italy’s biggest builder, saying that a positive court ruling today regarding the Acerra energy plant “could be a strong trigger for the stock in the short/medium term.”
Saipem SpA (SPM IM) ended a six session gain, losing 45 cents, or 1.7 percent, to 26.36 euros as oil fell from a six- week high.
UniCredit SpA (UCG IM) advanced 1.5 cents, or 0.8 percent, to 1.89 euros, paring yesterday’s loss. Exane BNP Paribas upgraded Italy’s biggest bank to “outperform” from “neutral.”