Italian Stocks: Dada, Intesa, Pop. Milano, Prysmian, UniCredit

Italy’s benchmark FTSE MIB Index rose 174.19, or 0.8 percent, to 22,618.05 at the 5:30 p.m. close in Milan. The measure gained 2.7 percent this week.

The following stocks were among the most active in the Italian market today.

Banca Generali SpA (BGN IM) increased 2 percent to 10.16 euros, snapping a two-day loss. Assicurazioni Generali SpA’s asset-management unit recorded net inflows of 145 million euros ($196.8 million) in January, the company said in a release.

Banca Popolare di Milano Scrl (PMI IM) declined 1.3 percent to 3.11 euros, a first loss in seven days. Gruppo Banca Leonardo downgraded the stock to “underweight” from “buy,” citing the stock’s recent rally.

Buzzi Unicem SpA (BZU IM), Italy’s second-biggest cement maker, rose 2.1 percent to 9.63 euros. Construction stocks were the best performers in Europe today, led by YIT Oyj as Finland’s biggest builder reported a fourth-quarter net income that beat estimates.

Dada SpA (DA IM) surged 14 percent to 5.02 euros. RCS MediaGroup SpA (RCS IM) may sell a stake in the mobile- entertainment company, MF reported, without saying where it got the information. RCS, which owns 51 percent of Dada, is being advised by Mediobanca SpA, according to the newspaper. Clessidra SGR SpA and The Carlyle Group may be interested in buying the stake, MF said.

In a statement, RCS denied it had decided to go ahead with the sale. The company’s shares gained 0.9 percent to 1.18 euros.

Enel SpA (ENEL IM) added 1 percent to 4.22 euros, ending two days of losses. Italy’s largest utility said 2010 earnings before interest, taxes, depreciation and amortization rose 6.7 percent to 17.5 billion euros. That beat the 17 billion-euro average estimate of 31 analysts surveyed by Bloomberg News.

UBS AG increased its price estimate on Enel to 4.90 euros from 4.75 euros and reiterated its “buy” rating.

Interpump Group SpA (IP IM) rose 1.4 percent to 5.9 euros, a fourth gain this week. Exane BNP Paribas increased its price estimate on the world’s biggest maker of high-performance pumps to 6.7 euros from 5.7 euros and reiterated an “outperform” recommendation.

Intesa Sanpaolo SpA (ISP IM), Italy’s second-biggest bank, advanced 1.2 percent to 2.51 euros and UniCredit SpA (UCG IM), Italy’s biggest, gained 2.1 percent to 1.88 euros as Goldman Sachs Group Inc. lifted its stance on European banks to “overweight” from “neutral.” Banca Monte dei Paschi di Siena SpA (BMPS IM) rose for the first time in four days, adding 2.2 percent to 91.6 euro cents.

Lottomatica SpA (LTO IM) rose 1.7 percent to 10.83 euros, the highest since Nov. 15. Nomura Holdings Inc. initiated coverage of the Italian lottery company with a “neutral” recommendation and a price estimate of 11.6 euros.

Luxottica SpA (LUX IM), the world’s biggest maker of glasses, slid 1.3 percent to 21.78 euros, tracking losses in LVMH Moet Hennessy Louis Vuitton SA, the world’s largest maker of luxury goods, which reported 2010 operating profit that failed to beat analysts’ estimates.

Mediolanum SpA (MED IM), the Italian financial-service company partly owned by Prime Minister Silvio Berlusconi, advanced 3.9 percent to 3.89 euros, a first gain in three days. “The shares benefited from the renewed optimism in the equity markets,” said Gabriele Roghi, head of portfolio management at Invest Banca SpA in Empoli, Italy.

Prysmian SpA (PRY IM) added 3.5 percent to 15.46 euros, the second straight advance for the stock. The cable maker said that shareholders owning 90 percent of Draka Holding NV have accepted Prysmian’s offer for the Dutch company.

Cheuvreux SA lifted its price projection for Prysmian’s shares to 17.50 euros from 16.50 euros. “Prysmian could now extend the offer to squeeze out minorities or approve a merger with no risks,” the brokerage said.

To contact the reporter on this story: Francesca Cinelli in Milan at fcinelli@bloomberg.net.

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net.

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