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.
Major European stock markets ended up the week from November 25 to 29 (Milan +1.1%, Frankfurt +2.0%, Paris +0.4%, Madrid +1.7%, with the exception of London -0.4%), after signals of stabilization of the European economy: October unemployment rate slightly decreasing (12.1%, -0.1pp vs September), and Spanish rating confirmed by S&P at BBB- (outlook from “negative” to “stable”).
Pirelli sets aside the week at €11.34 (+0.3%), with 1.6 million stocks exchanged on average. Societe Generale during the week revised the valuation on Pirelli at €12.0 (previous target price €10.0) confirming the positive rating on the stock.