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Investor Channel is the communication channel between Pirelli and the financial community. Analysts, shareholders and web users can use the channel for direct dialogue with the Group. The blog is moderated by Pirelli Investor Relations.


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PEERS & MARKETS

Peers&Markets 28.09.09

The markets saw profit taking on week 21-25 of September.  Major European markets reported losses with sales mainly in the cyclic sector as well as in the Auto & Parts, construction and oil industry sector (all dropped by more than 3%).
Following the market rally over the past few weeks (+17% from September 1st to September18th), Pirelli & C finishes the week at € 0.359, a 4.9% decrease. The stock was upgraded on average by 9 cents; Intermonte (buy rating at €0.46 from €0.37), Deustche Bank (Buy at €0.40 from €0.34), UBS (Neutral at €0.38 from €0.28), Kepler (Reduce at €0.31 from €0.22). This upside is mostly linked to a reassessment of the tyre business and to a lower impact on corporate costs in the Group’s net asset value.
Pirelli RE finishes the week with -4.4% (€0.639) lagging behind the European real estate sector by about one percentage point.

For more in-depth information please follow the link to: Investors > Peers & Markets


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