QUOTATIONS
Buzzi UnicemSaipem
Piazza Affari snatches a plus sign in a session marked by waiting first and then by the decisions of the European Central Bank (ECB). At the end of the meeting of the ECB’s governing council, the Eurotower announced that it had left interest rates unchanged, also confirming the APP, or the asset purchase plan that continues to be carried out for a value of 20 billion euro per month. Instead, changes to the purchases of the PEPP, pandemic QE launched to cope with the economic consequences of the Covid-19 pandemic, which will instead be reduced. In Milan, after the caution recorded in the morning in the afternoon, the Ftse Mib recovered ground in the afternoon in the wake of the announcements of the central institute in Frankfurt, to close the day up by 0.13% at 25,909.83 points.
The best on the Milanese list is Saipem (+ 2.9%) which this morning announced the launch of the share purchase plan for staff incentives, followed by Prysmian (+ 1.8%) and Interpump (+1.8 %)). The latter received the positive evaluation of Banca Akros which confirmed the Accumulate rating and increased the target price to 63 euros against the previous 57.5 euros. “Based on the following indications from the management, we are confident that the group can achieve half-year results in line with our estimates and that the current strong market momentum will continue into 2022”, underline the experts. Banco Bpm was also positive, closing with a rise of 0.9%. On the opposite side, that of sales, the worst was Buzzi Unicem (-3.2%). Exane’s decision to lower the recommendation to ‘neutral’ weighed on the title of the Italian cement giant.
Out of the main Tod’s asset list (+ 12.2%) after the publication of the half-year results. Visible improvements, especially in profitability as regards the first half for Tod’s. Thus Banca Akros according to which the profitability of the group was far better than estimates.