Enel, Fiat, Monte dei Paschi, UniCredit: 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) lost 243.47, or 1.11 percent, to 21,787.69.

Banca Monte dei Paschi di Siena SpA (BMPS) : Italy’s third-biggest bank said profit in the third quarter fell 1.2 percent to 140.3 million euros, beating the 126 million-euro average estimate of analysts surveyed by Bloomberg.

Goldman Sachs Group Inc. increased its price estimate to 1.15 euros from 1.1 euros and Exane BNP Paribas lifted its price projection to 1 euro from 95 euro cents. Its shares rose 0.4 percent to 92 euro cents.

Brembo SpA (BRE) : The world’s largest manufacturer of disk brakes had its price estimate lifted to 11.5 euros at BofA Merrill Lynch Global Research and to 9.5 euros at UBS AG and Exane. The shares increased 2.8 percent to 9 euros.

Davide Campari-Milano SpA (CPR) : The maker of Wild Turkey bourbon had its price projection raised to 6.2 euros at Berenberg Bank, 5.7 euros at BofA Merrill Lynch Global Research, 5.1 euros at Deutsche Bank AG and 5 euros at Exane. The shares advanced 2.4 percent to 5.08 euros.

De Longhi SpA (DLG IM): UniCredit Research increased its price estimate on the household-appliance maker to 9.7 euros from 9 euros.

De Longhi also had its price projection lifted to 10.2 euros from 8.7 euros at Mediobanca Securities. The shares rose 1.7 percent to 8.75 euros.

Enel SpA (ENEL) : Italy’s biggest power company said first-quarter profit rose 14 percent, more than expected, as reduced taxes and financing costs offset lower margins in Italy and Spain.

UBS increased its price estimate to 5.45 euros from 5.35 euros. Enel shares fell 1.4 percent to 4.68 euros.

Fiat SpA (F) : Chief Executive Officer Sergio Marchionne confirmed the Italian carmaker’s investment plan for Italy in a meeting with Industry Minister Paolo Romani. The shares lost 2.4 percent to 7.16 euros.

Maire Tecnimont SpA (MT) : The company reported net income of 5.2 million euros for the first quarter of 2011 in an e-mailed statement. The shares added 0.9 percent to 2.77 euros.

Saras SpA (SRS) : The refiner said it returned to profit in the first quarter after a “positive” start to the year in the refining industry. Net income was 122.8 million euros, compared with a loss of 9.3 million euros in the year-ago period.

Tod’s SpA (TOD) : BofA Merrill Lynch Global Research cut its rating to “neutral” from “buy.”

Separately, Tod’s had its price estimate increased to 86 euros at Nomura Holdings Inc. and to 94 euros at Citigroup Inc. The shares added 1.6 percent to 96.55 euros.

UniCredit SpA (UCG) : Italy’s biggest bank said its first-quarter profit rose 56 percent after it set aside less money for bad loans and investment-banking income rebounded. UniCredit fell 0.4 percent to 1.64 euros.

Editor: Jeff Sutherland, Dan Liefgreen

To contact the reporters on this story: Tommaso Ebhardt in Milan at tebhardt@bloomberg.net Francesca Cinelli in Milan at fcinelli@bloomberg.net.

To contact the editors responsible for this story: Chad Thomas at cthomas16@bloomberg.net Andrew Rummer at arummer@bloomberg.net.

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