Black sheep of Mib30 and Bulgari. The title of the house of Roman jewelry is leaving it at ground level from 4.38% to 6.26 euros. The luxury sector is still hindered by the economic crisis but today the analysts at Morgan Stanley said the valuation of securities of luxury are back to being interesting.
Deutsche Telekom highlight the Frankfurt Stock Exchange, up by 8, 1% at 10.38 euros with more than 23 million units traded. According to market participants, a large institutional investor would have drawn back a nice package of shares transferred on loan to hedge funds, forcing them to buy other securities.
Analysts at Lehman Brothers prefer to wait for new developments in the saga of the fee Sicily for Snam Rete Gas, because the story might not be over. In general however, the investment bank expects that the title continues to travel at a discount to the fair value of Lehman of 3.2 euros. The trial remains on the title then market perform.
Heavy thud IntesaBci. The title of the bank of Giovanni Bazoli is falling by 6% to 2.73 euros, affected by exposure to the U.S. giant Worldcom. Just now the news that IntesaBci is exposed against Vivendi, but “only for the business and relationships in nature”, as specified by the institution.
The research department of Merrill Lynch has a cautious view for the next 6-12 months on the European utilities sector, but recent stock market crisis has created many buying opportunities. Therefore Merrill Lynch confirms the opinion strong buy Endesa with a target price of 20.5 euros, an upside of the title of approximately 45%.
The debacle is weighing on the Nasdaq securities of the Galaxy Bicocca. Olivetti is declining by 2.19% to 1.074 euros, Pirelli gives 2.84% return scores below 1.10 euros, Telecom is down by 1, 5% to 7.90 euros, Tim 1, 8 % to 4.10 euros and Seat, 1, 3% to 0.72 euros.
New home Comindustria are not finished. Besides the capital increase and the incorporation of the popular control Luino and Varese Comindustria sold to Meliorbanca 17.5% of Arca Vita and Arca Assicurazioni 5% for a total of 29 million euros, a gain of more than 10 million euros. Meanwhile ComIndustria provides for a probable Onbanca deconsolidation since 2003 and has since undertaken to broaden the shareholder base to a strategic partner.