In Piazza Affari, the Mps stock continues to shine, gaining 5 and a half percentage points in mid-morning, at 1,924 euros, after having posted +8% at the start. This is the best rise of the Ftse Mib, which in the same minutes travels negative by 0,6%. The right earns 2,3% to 18,41 euros.
The performance of Monte dei Paschi can still be explained by the strong focus on the stock in the midst of the capital increase phase. In a week fromlaunch of the 5 billion recapitalization, the common stock appreciated nearly 30%.
Exane BNP Paribasit also raised the rating on MPS shares from underperform to neutral, with a stable target price of €1,35. “Having given MPS an underperform rating since we began covering the stock in April 2011, we are updating the rating to neutral as risks are no longer tilted to the downside and the rating is more attractive,” the note reads. by Exane.
