Eni, Gemina, Pop. Milano, RCS, Tod’s: 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) fell 272.10, or 1.3 percent, to 20,117.49.

Banca Popolare di Milano Scrl (PMI IM): The bank’s lending is in line with requests from the Bank of Italy, General Manager Enzo Chiesa told Il Sole 24 Ore in an interview. The shares lost 3.5 percent to 1.644 euros.

Eni SpA (ENI) : Mediobanca Securities lowered its price estimate on Italy’s biggest oil company to 23.2 euros from 24.4 euros. The brokerage kept an “outperform” rating. the shares lost 1.4 percent to 16.03 euros.

Gemina SpA (GEM) : Mediobanca Securities resumed coverage of Gemina with an “outperform” recommendation and a price estimate of 92 euro cents. The shares declined 0.3 percent to 72.45 euro cents.

Mediaset SpA (MS) : UBS AG cut its price estimate on the broadcaster controlled by Italian Prime Minister Silvio Berlusconi to 3.5 euros from 4.7 euros with a “neutral” rating unchanged. The shares lost 2 percent to 3.45 euros.

RCS MediaGroup SpA (RCS) : Diego Della Valle, chief executive officer of Tod’s SpA (TOD IM), aims to increase the company’s stake in RCS MediaGroup SpA to as much as 20 percent, Il Sole 24 Ore said, without saying where it got the information. RCS gained 0.3 percent to 1.204 euros.

Telecom Italia SpA (TIT) : Royal Bank of Scotland Group Plc trimmed its price estimate on Italy’s biggest phone company to 1 euro from 1.05 euros. The brokerage kept a “hold” rating. The shares slid 1.4 percent to 94.15 euro cents.

Tod’s SpA (TOD) : UBS downgraded the stock to “neutral” from “buy.” The shares declined 2 percent to 87.3 euros.

Unipol Gruppo Finanziario SpA (UNI) : The insurer has no plans to increase its capital, Il Sole 24 Ore reported, citing an interview with Chief Executive Officer Carlo Cimbri. The Italian insurer will pay a dividend on 2011 results if the company reaches its targets, Cimbri said, according to the newspaper. He said he was “convinced” Unipol will meet its goals. The shares fell 1.2 percent to 41.41 cents.

UniCredit SpA (UCG) : Chief Executive Officer Federico Ghizzoni said he aims for a “fast solution” to the Greek debt crisis, Ansa reported. Unicredit lost 1 percent to 1.482 euros.

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. James Ludden at jludden@bloomberg.net

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