International markets end the October week 19-23 down on profit taking.
After the two week rally (+17%),  Pirelli & C ends the week at €0.402, a 2.9% decline, in line with the European tyre sector (Michelin -3% and Continental -2.7%). Also during the week, Deutsche Bank raised its target price on the stock from €0.40 to €0.47, confirming a “Buy” recommendation on the stock.  This upside is mainly due to the cutback on the holding discount and the improvement on the evaluation of Pirelli Tyre.
Average ratings from stock analysts on Pirelli settle at €0.40; a “BUY” recommendation prevails on coverage made by 18 business banks.
Pirelli RE ends the with a 6.6% decline, compared to the European real estate sector down by 0.5%.

For more in-depth information please follow the link to: Investors > Pirelli in the stock market > Peers & Markets; or click here.

The markets saw profit taking on week 21-25 of September.  Major European markets reported losses with sales mainly in the cyclic sector as well as in the Auto & Parts, construction and oil industry sector (all dropped by more than 3%).
Following the market rally over the past few weeks (+17% from September 1st to September18th), Pirelli & C finishes the week at € 0.359, a 4.9% decrease. The stock was upgraded on average by 9 cents; Intermonte (buy rating at €0.46 from €0.37), Deustche Bank (Buy at €0.40 from €0.34), UBS (Neutral at €0.38 from €0.28), Kepler (Reduce at €0.31 from €0.22). This upside is mostly linked to a reassessment of the tyre business and to a lower impact on corporate costs in the Group’s net asset value.
Pirelli RE finishes the week with -4.4% (€0.639) lagging behind the European real estate sector by about one percentage point.

For more in-depth information please follow the link to: Investors > Pirelli in the stock market > Peers & Markets; or click here.

Trends in the share market in the week 31 August-4 September 2009 showed significant profit-taking. The most important European financial markets recorded average losses of over 2% with sales striking mainly those markets and shares which had benefitted most from the August rally. As indeed happened in the auto sector (-3.4%) and securities such as Pirelli & C which closed the week at 0.318€ (-6.3%) after gaining over 23% since publication of the half-year results (29 July) on 28 August 2009.

Profit-taking also occurred in the real estate sector with Pirelli RE at -5.8% (0.594€), losing ground from the peak prices of the previous week (share performance for the last week of August +12.3%).

For further information: Investitori > Pirelli on the stock market > Peer & Markets; or click here.