(Telestock) – Enithe Italian energy giant, is the best performing stock in the FTSE MIB in the first part of the session, after this morning announcing that it has signed an exclusive agreement with KKR for the potential sale of a minority stake in biofuels unit Enilive which could value the subsidiary at up to 12.5 billion euros.
Meanwhile, analysts at UBS have increased the target price on the title to 17 euros per share (from the previous 16.50 euros), confirming the “Buy” recommendation.
Lengthen your stride compared to the previous session ENIreaching 14.21 euros, with a increase of 1.01%. Operationally, expectations are for a continuation of the day in a positive direction with resistance seen at 14.26 and then at 14.33. Support at 14.18.