Last session of the week with two faces for Piazza Affari. After an early part of the day with a good rise, sales gradually took over, also thanks to the negative start of Wall Street. Uncertainties about the increase in taxes on US companies and the upcoming Federal Reserve meeting are weighing. On the macro front, the University of Michigan Consumer Confidence Index rose to 71 points in September, slightly worse than expected.
The Ftse Mib thus scores -0.98% at 25,709 points at the end of the day. The increases of Moncler (+ 2.56%) and Italgas with approximately + 1% stand out, as well as Diarosin. Atlantia also did very well at + 3.07%. Today, the international rating agency MSCI ESG Ratings, which specializes in monitoring approximately 2,800 companies in terms of sustainability and governance practices, confirmed the progress of the rating of Atlantia, which passed from BB level to BBB. The company rises in the ranking of the “Transportation Infrastructure” sector, positioning itself among the top 11 companies (out of a total of approximately 30) that make up the MSCI ACWI Index.
Stellantis, on the other hand, is bad (-3.45% to € 16.81) and Stm which has come to lose almost 3% in the wake of the weakness of US tech. Recordati was also among the worst today (-2.43% to 50.6 euros). Barclays analysts started hedging on Recordati with an ‘Equal Weight’ rating and a target price of € 50 based on an implied 2021 P / E of 26.1 times.
Among the big Milanese in reverse also Generali (-1.04%). At the request of Consob, the Trieste insurance company made it known that the shareholders’ agreement between Caltagirone and Delfin, respectively second and third shareholder of Generali, rose to 11.068% of the insurance company. On 10 September, the two companies headed respectively by Francesco Gaetano Caltagirone Caltagirone and Del Vecchio signed a shareholders’ agreement concerning all the Generali shares held, with which the parties agreed to consult in order to better weigh up their respective interests with respect to a more profitable and effective management of Generali, “based on the technological modernization of the core business, the strategic positioning of the company, as well as its growth in an open, transparent and contestable market logic.