Banco Bpm leaps 5% with Mediobanca S. outperform promotion, ‘M&A is back’

Bullish acceleration for Banco Bpm on the Ftse Mib, where it recorded an increase of almost 5% to € 3.058 (+ 12% one-month performance). Today the stock of the banking group led by Giuseppe Castagna collected Mediobanca Securities’ promotion to outperform with the new target price of 3.6 euros. According to the experts from piazzetta Cuccia, Banco Bpm could become a target of an extraordinary operation, with the current valuation being “a fairly convincing entry point” for an M&A target.