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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 10.05-14.05.10European stock markets partially recover losses from previous sessions and close the week May 10-14 with a solid gain.
The announcement of the maxi-plan of up to €750 billion to help EU financial stability favoured the gains.
Industrials also show solid gains (+7.6% European Reference Index) as well as the Auto & Parts sector (+8.6%).
Pirelli at €0.45 (+10%) is among top performers European tyre stocks, reflecting positive quarterly results and improvement on the guidance for 2010.  Equita and Centrosim confirm a target price (€0.54 and €0.52, respectively) and their buy recommendations on the stock; Churchill Capital also initiated coverage on Pirelli & C.
The consensus on Target Price for Pirelli settles at €0.52; a buy recommendation prevails on the analyst coverage (88%).
However, Pirelli RE closes the week at €0.35 with a 4.4% decrease.


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