An optimistic week for the European Auto & Parts (+6.5%) sector, with an eye to the positive indications of the medium term trend expected to be released at the Frankfurt Motor Show scheduled later this week.
Pirelli ended the week at €0.36, up by 13.4%, a decidedly peak performance compared to the sector index (+7p.p.) and Italian blue chips index (+9.7pp compared to FTSE Mib). The share was also upgraded by Centrobanca (BUY, TP: from €0.32 to €0.37) following reduction of the holding discount from 30% to 20%.
Positive trend also for Pirelli RE which closed the week with a rise of 6.1% overperforming the european real estate index by 2 pecentage point.