Share

Stock Exchange: Banca Ifis runs on Mediobanca promotion

The bank based in Mestre goes against the trend of the Italian market, registering good increases in the morning – Ifis' prices are driven by the promotions received during the day from Mediobanca and Banca Akros.

Stock Exchange: Banca Ifis runs on Mediobanca promotion

In Piazza Affari it shines Bank Ifis. In fact, the institute based in Mestre recorded an increase of more than 1% in the late morning, signaling itself as one of the brightest stocks in the Ftse Mib basket, which in the same minutes travels in strongly negative territory, marking a drop in the 1,35%.

Pushing Banca Ifis shares against the trend is the promotion received from Mediobanca, which gave the bank an "outperform" rating, setting the new target price at 28,10 euros (against 25,30 of the current value), defining Banca Ifis as a "unique and attractive combination between a strong core business in and a rapidly growing position in DRLs (distressed unsecured retail loans).

Today, Banca Ifis has also been promoted Banca Akros which, while maintaining a "neutral" rating, set the target price at 27,50 euros per share, significantly higher than the bank's current prices.

comments