Italian Equity Movers: Autogrill, Monte Paschi, Intesa, STMicro

FTSE MIB index +0.1% as of 2:35pm in Milan, with 23 stocks declining. Stoxx Europe 600 -0.7%.

ADVANCERS

  • Autogrill (AGL IM) +0.7%; PT raised to EU9.36 vs EU7.40 at Credit Suisse, kept at neutral; brokerage says restructuring implies upside
  • Monte Paschi (BMPS IM) +0.6%; rights to new shares (MPSAA IM) up 6%, outperform shares today
DECLINERS
  • Intesa Sanpaolo (ISP IM) -0.5%; Rescinds Sale of Pravex-Bank to Centragas
  • Mediaset (MS IM) -2.6%; worst FTSE MIB perfomer
  • STMicroelectronics (STMIM) -0.5%; +3.3% yday
  • Telecom Italia (TIT IM) -1.4%; Argentina approves breakup of co.’s largest investor
  • Telefonica Says GVT Brazil Deal Closed

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