Le difficulty of the Spa project the quotations of Banca Popolare di Milano sank which, after the suspension at the beginning, lost 7,21% on the Stock Exchange, at 0,476 euros per share, placing itself at the bottom of the Ftse Mib.
Equita lowered its judgment on the stock from buy to hold, setting the new target price at 0,50 euro, explaining its decision as follows: "With the renunciation of the transformation, albeit temporary, the main catalyst for the stock is no longer compensated for the overhang of the capital increase in the autumn, which brought the tangible equity per share from 0.95 to 0.85”. Despite the shock of the postponement of the Spa project, Mediobanca has confirmed the outperform judgment on the stock.
Il number one of the Milanese institute Andra Bonomi, after having temporarily shelved the project to transform the company into a joint stock company under pressure from the unions and employee shareholders, could fall back on an alternative project.
