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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

A sharp downturn in the week from 8 to 12 November for the principal European markets (Milan -1.7%, London -1.3%, Frankfurt -0.3%, Paris -2.2%) in reaction to the flow of news on the broader economy (inflation in China at a 25-month high) and fears inside the euro area.

A negative week for the tyre sector, with natural rubber prices at new historical highs (4.3$/Kg for TSR 20).

Pirelli closed the week at 5.88€ (-4.3%);  the share price was influenced by profit taking, as well as the other issues affecting the sector,  considering how Pirelli shares have outperformed since the start of the year (+46pp vs FTSE Mib, +28.4pp vs Michelin).

A negative week for Michelin (-1.3%) and Continental (-2.5%).


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PEERS & MARKETS

PEERS&MARKETS 01.04-09.04.10A negative week for the European tyre sector, penalised by the progressive rise in the cost of natural rubber, which has reached new peaks.
Pirelli closed the week at €0.436, down by 4%, in line with the trend of its main peers (Michelin -4%, Nokian -4.2%).
During the week Société Générale upgraded Pirelli to a TP of  €0.54 (from €0.50) after reviewing its  assessment of the tyre business while Intermonte expressed a neutral view  on Pirelli & C  given the current trend in prices of raw materials, its assessment of the share,  with TP at €0.50, remained unchanged.
The current Consensus Target Price is around € 0.52, with Buy as the prevailing recommendation (88% of coverage by 19 brokers).
Pirelli RE closed the week at €0.459, slightly down from 0.5%.


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