European 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.