Featured in Piazza Affari the securities of Pirelli and Fiat, which collect positive reviews from brokers. By mid-morning, Bicocca's shares were up by about three percentage points, to 11,65 euros, achieving the best rise of the Ftse Mib. On the other hand, the Lingotto stock gains 1,5%, to 8,745 euros.
The wave of purchases on Pirelli comes after a favorable report from Deutsche Bank, which raised the target price of the shares from 11 to 12 euros. The analysts of the German investment bank believe that the emerging markets will push the growth of the tire company, but in terms of the rating they still reiterate the "hold" recommendation.
As for the Fiat stock, today's rise is explained by the promotion that came from ubs, which upgraded the stock rating from “hold” to “buy”.
Among the other industrial stocks, mid-cap Brembo did well (+2,7%), while profit-taking prevailed on Piaggio (-3%), fresh from yesterday's leap forward in the wake of good data on vehicle sales on two wheels in Italy in March.
