| Broker | Analyst | Target price / Recommandation | Report / Date |
| Axia | Lorenzo Lanfossi +39 049651120 | €8.7 Buy |  10/11/2011 |
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| Banca Akros | Gabriele Gambarova +39 0243444289 | €7.5 Accumulate |  31/10/2011 |
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| Banca Aletti | Renato Gargiulo  +39 02 43358 067 | €9.5 Outperform | |
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| Banca IMI | Monica Bosio +39 02 8794 9809 | SOP €9.32 |  23/11/2011 |
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| Banca Profilo | Carlo Campagna  +39 02 58408465 | € 8.0 Buy | |
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| Bank of America Merrill Lynch | Thomas Besson  +33 153655947 | € 6.5 Underperform | |
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| Barclays Capital | Kristina Church  +44 (0)20 3134 2199 | € 7.5 Underweight |  19/12/2011 |
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| Centrobanca | Oriana Cardani +39 02 3929 0251 | | |
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| Cheuvreux | Giorgio Iannella +39 02 8062 8330 | | |
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| Citi | Philip Watkins  | €8.5 Buy |  15/11/2011 |
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| Deutsche Bank | Gaetan Toulemonde +33 1 4495-6668 | €9.0 Buy |  24/11/2011 |
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| EQUITA | Martino DeAmbroggi +39 02 6204238 | | |
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| Exane BNP PARIBAS | Michele Baldelli  +39 02 8963 1726 | | |
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| Fidentiis Equities | Andrea Balloni  +39 02 36 705 206 | €7.8 Hold |  26/01/2012 |
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| Goldman Sachs | Stephan Puetter  +44(20)7552-5784 | | |
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| HSBC | Niels Fehre  +49 211 910 3426 | | |
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| ICBPI | Stefano Vulpiani +39 02 7705 8341 | | |
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| Intermonte | Giuseppe Puglisi +39 02 77115455 | | |
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| Kepler | Laura Pennino +39 02 8550 7210 | €7.8 Buy |  24/11/2011 |
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| Mediobanca | Massimo Vecchio +39 02 8829541 | | |
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| Morgan Stanley | Edoardo Spina +44 20 7425 0664 | | |
| Sarasin | Philipp Gamper +41 0 44 213 94 97 | |  1/04/2011 |
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| Société Génerale | Philippe Barrier +33 1 42138442 | | |
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| The Royal Bank of Scotland | Jose Asumendi  +44 20 7678 7302 | | |
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