Italian Equity Movers: A2A, Generali, Paschi, Saipem, WM Capital

FTSE MIB index +0.2% as of 3:30pm in Milan, with 32 shares rising. Stoxx Europe 600 +0.4%.


  • A2A (A2A IM) +2.7%; PT raised to EU1.36 at Goldman (buy) as co. set to be beneficiary of potential consolidation of Italian power generation sector, local utilities industry
  • Buzzi Unicem (BZU IM) +1.4%; double upgrade to buy at HSBC
  • Campari (CPR IM) +1.8%; shrs back above 50-DMA
  • Italcementi (IT IM) +2.7%; double upgrade to buy at HSBC
  • Saipem (SPM IM) +1.3%; World Gas Conference starting today in Paris; possible restart of Turkish Stream pipeline key for Saipem: Equita
  • Telecom Italia (TIT IM) +0.9%; Bollore planning to meet Italy govt on Telecom Italia: Messaggero; raised to buy at Jefferies
  • WM Capital (WMC IM) +17% (halted); rated new buy at Integrae SIM (PT EU1.6)
  • Generali (G IM) -0.9%; downgraded to neutral at MainFirst on collapsing life profitability
  • Monte Paschi (BMPS IM) -1%; indirect cost for buying 1 shr still at discount to direct cost

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