(Finance) – The stock moves up fractionally Pirelliwhich is up by 0.64%.
The promotion that came from contributes to assist in the actions Citigroup. The analysts of the bank’s research department have brought the judgment to “buy” from the previous “neutral”. The target price at 6.30 euros from the 6.10 euros indicated above.
Comparing the performance of the stock with the FTSE MIBon a weekly basis, it is noted that the group active in the production of tires maintains positive relative strength in comparison with the index, demonstrating greater appreciation by investors compared to the index itself (weekly performance + 2.79%, compared to + 1.41% of the main index of the Milan Stock Exchange).
Analyzing the scenario of Pirelli a widening of the bearish phase is highlighted at the test of the 4.864 Euro support. First resistance at 4.995. Expectations are for an extension of the negative line towards new lows at 4.82.