#Italian #Stock #Exchange #commentary #session #February
Tonic Iveco Group, following the indications of Bank of America. Positive tone for banking sector stocks. Very good Maire
The major Italian Stock Exchange indices and the main European financial markets are confirmed in positive territory.
At 1505 hours FTSEMib it gained 0.77% to 31,945 points, after having fluctuated between a minimum of 31,750 points and a maximum of 32,037 points. At the same time the FTSE Italia All Share it was up 0.7%. Minimal variations for FTSE Italia Mid Cap (-0.04%) and for the FTSE Italia Star (-0,19%).
Il bitcoin it was brought back to 51,000 dollars (less than 47,500 euros).
Lo spread Btp-Bund fluctuates between 145 and 150 points, with the yield of the ten-year BTP which came close to 3.9%.
L’euro it exceeded $1.08.
Iveco Group recorded a jump of 4.94% to 11.055 euros. Bank of America analysts have improved their target price on the company, bringing it to 20 euros, following the revision of their profitability estimates for the two-year period 2024/2025. Experts have also improved their judgment and now recommend buying the shares.
Positive intonation for i banking sector securities.
Mediobanca’s performance stands out (+4.05% to 12.33 euros). UBS analysts have raised the target price on the Piazzetta Cuccia institution from 13.1 euros to 14.1 euros. Experts have also improved their judgment and now recommend buying the shares.
Also highlighted Monte dei Paschi di Siena (+4.96% to 3.621 euros) and the BancoBPM (+3,35%).
Enel recorded a fractional increase of 0.25% to 5.918 euros. The electricity giant has completed the issuance of a non-convertible, perpetual hybrid subordinated bond with a euro denomination, intended for institutional investors, for a total amount of 900 million euros. The bond received oversubscription requests more than 3 times, totaling orders for an amount equal to more than 3 billion euros. The issue price is set at 99.454% and the effective yield at the first reset date is 4.875% per year.
Positive day for Maire (+2,6% a 4,964 euro). The company announced that the subsidiary KT – Kinetics Technology has been awarded a contract by ENI for the construction of a hydrogen production plant in the ENI refinery in Livorno. The overall value of the contract is 123 million euros.
