B as banks - Banco Popular downgraded Societe Generale
Stock Exchange: Banco Popolare (-1 , 9%) weak, SocGen lowers rating from buy to sell
(Il Sole 24 Ore Thomson Financial) - Milan, Oct. 12 - The Banco Popular loses ground at the Milan Stock Exchange, where the first give the titles of the institute, 89% to € 4.2875 . Have changed hands compared to 3.7 million pieces of an average of 5.1 million in a full session last month. The prices are affected by the opinions of analysts Societe Generale, which lowered its recommendation on the title to "sell " from previous "buy .
After the sale of Caripe to Tercas , on the other hand, the market is uncertain about any new moves made on site by the CEO Pier Francesco Saviotti to further strengthen the capital position of the institution. Riding sim, which keeps the proceedings " buy" with target to 6.3 euro, the most likely scenario is that of a capital increase by one billion, and are considered less likely the sale of some of the jewels of group or a recapitalization is higher. E 'instead possible, analysts note that the increase will be launched "ahead of schedule", and then at the end of 2010 and the first half of 2011.
PPA-b-
(Thomson Financial) 12-10-10 11:21:39 (0107) 5 NNNN
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