Runs on the stock exchange Saipem, which, in the late morning, recorded an increase of just over 5%, signaling itself as one of the brightest stocks on the Italian list, which in the same minutes travels in largely positive territory.
To give wings to the quotations of subsidiary of Eni several factors contribute. The first is a report by Deutsche Bank, which raised the opinion on the stock from "sell" to "buy", setting the new target price at 13,5 euros. Indeed, according to analysts from the German institute, Saipem could benefit from the normalization of margins in the “Engineering & Construction” sector.
However, the purchases on Saipem are also linked to the expectations for the construction of the Turkish Stream, the new gas pipeline under study between Russia and Europe via Turkey and Greece. The agreement between the parties is by now close and the Italian group, according to analysts, could obtain new contracts.