Aeffe, Parmalat, Prysmian, Landi Renzo: Italy Equity Preview

The following companies may be active in Italian trading. Stock symbols are in parentheses and share prices are from the previous close.

Italy’s benchmark FTSE MIB Index (FTSEMIB) rose 330.01, or 1.6 percent, to 21,527.11 in Milan.

Aeffe SpA (AEF) : Mediobanca Securities lifted its recommendation on the company to “outperform” from “neutral.” The share gained 6.6 percent to 81 euro cents.

Amplifon SpA (AMP) : The world’s largest hearing-aid distributor had its price estimate increased to 4.74 euros from 4.2 euros at UniCredit Research. The shares gained 2.7 percent to 4.21 euros.

Assicurazioni Generali SpA (G) : Deutsche Bank AG trimmed its price projection on Italy’s biggest insurer to 16 euros from 16.4 euros. The shares advanced 1.5 percent to 14.91 euros.

Davide Campari-Milano SpA (CPR) : The maker of Wild Turkey bourbon had its price estimate lifted to 6 euros from 5.3 euros at UniCredit Research and cut to 5 euros from 5.5 euros at BofA Merrill Lynch Global Research. The shares fell 1.1 percent to 4.45 euros.

IMA SpA (IMA IM): UniCredit Spa (UCG) and Equita SIM SpA are managing the sale of 2.73 million IMA shares, according to terms of the deal obtained by Bloomberg News. The stock is being offered at 13.50 euros apiece, the terms show. The shares rose 0.1 percent to 14.59 euros.

Landi Renzo SpA (LR) : Exane BNP Paribas upgraded the maker of injection systems for alternative fuels to “neutral” from “underperform.” The shares rose 0.4 percent to 2.31 euros.

Parmalat SpA (PLT) : Groupe Lactalis said it has a direct holding of 8.6 percent in Italy’s biggest dairy company, according to a stock exchange statement. Lactalis, which can hold up to 7 percent under an equity swap contract, said it has 5.08 percent in Parmalat under the equity swap. The shares plunged 5.2 percent to 2.47 euros.

Prysmian SpA (PRY) : The cable maker said Brazil’s antitrust authority has started an investigation in the energy cable market involving companies including Prysmian. The shares rose 2.2 percent to 14.94 euros.

UniCredit SpA (UCG IM): Italy’s biggest bank may get a bonus after agreeing to invest about 170 million euros ($242 million) in the planned share sale of insurer Fondiaria-Sai SpA, Corriere della Sera reported, without saying where it got the information.

The lender may be entitled to a bonus if Fondiaria hits certain targets in the next three years, the Milan-based newspaper said today. The shares added 2.4 percent to 1.77 euros.

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

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net.

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