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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

Peer&Markets19-23.10.09International markets end the October week 19-23 down on profit taking.
After the two week rally (+17%),  Pirelli & C. ends the week at €0.402, a 2.9% decline, in line with the European tyre sector (Michelin -3% and Continental -2.7%). Also during the week, Deutsche Bank raised its target price on the stock from €0.40 to €0.47, confirming a “Buy” recommendation on the stock.  This upside is mainly due to the cutback on the holding discount and the improvement on the evaluation of Pirelli Tyre.
Average ratings from stock analysts on Pirelli settle at €0.40; a “BUY” recommendation prevails on coverage made by 18 business banks.
Pirelli RE ends the with a 6.6% decline, compared to the European real estate sector down by 0.5%.

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


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1 news Tuesday, October 27th, 2009