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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


Positive week for the main stock markets the one from November 11th to 14th (Milan +2.8%, London +0.3%, Frankfurt +1.5%, Paris +0.8%). The markets were backed by the measures aimed at restraining the Italian public debt.

Sustantially stable the auto&parts sector wich increased by 0.5%.

Brilliant performance by the Pirelli stock, which closed the week at €7.16 (+14.5%, +14pp vs auto&parts and +11.7pp vs FTSE Mib), with high volumes (7.5mln the weekly average vs 5.3mln monthly average). The market favorably welcomed the Industrial Plan 2012-14, which was presented by Pirelli’s Top Management in London on the 9th of November.
6 target price upgrades (RBS 9.0€ from 7.5€, Intermonte 9.0€ from 7.50€, Fidentiis range 9.0-9.4€ from 8.3-8.5€, Exane 9.0€ from 8.5€, Chevreux 8.9€ from 8.2€, Mediobanca 8.0€ from 7.0€). Targets are ambitious and above consensus estimates, but feasible given a clear strategy, a consolidated business positioning on premium and a solid track record of delivering results.


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