Atlantia, Azimut, Mediaset, and Yoox: Italian 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) dropped 284.88, or 1.4 percent, to 20,525.04.
Atlantia SpA (ATL) : Exane BNP Paribas reiterated an “outperform” rating on Atlantia, saying in a note that the shares “remain the cheapest concession pure play in the sector after Sias.” The shares lost 0.5 percent to 15.36 euros.
Azimut Holding SpA (AZM) : BofA Merrill Lynch Global Research kept Azimut among its most preferred stocks. The shares lost 2.7 percent to 7.16 euros.
Fondiaria-SAI SpA (FSA) : UniCredit SpA said Piergiorgio Peluso is leaving the bank to become general manager of insurer Fondiaria-SAI. Peluso, who was the head of the bank’s corporate and investment banking activities in Italy, is taking the position at Fondiaria with immediate effect. Fondiaria shares lost 3.1 percent to 5.22 euros.
Landi Renzo SpA (LR) : Berenberg Bank trimmed its price estimate on the maker of injection systems for alternative fuels to 1.92 euros from 2.25 euros. The brokerage kept a “sell” rating. The shares lost 2.8 percent to 2.15 euros.
Mediaset SpA (MS) : Goldman Sachs Group Inc. trimmed its price estimate on the broadcaster controlled by Italian Prime Minister Silvio Berlusconi to 4.18 euros from 5 euros. The brokerage kept a “neutral” rating unchanged. The shares rose 0.5 percent to 3.54 euros.
Yoox SpA (YOOX) : The online retailer was downgraded to “hold” from “buy” at Citigroup Inc. The shares added 0.5 percent to 13.04 euros.
To contact the reporter on this story: Francesca Cinelli in Milan at email@example.com.
To contact the editor responsible for this story: James Ludden at firstname.lastname@example.org
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.