Poste Italiane, Deutsche Bank confirms “buy” and raises the target price

Poste Italiane Deutsche Bank confirms buy and raises the target

(Finance) – Analysts of Deutsche Bank They increased the target price on the Italian Poste title and confirmed the “Buy” judgment. The objective price was raised at 20 euros from 17 indicated above.

Meanwhile in Piazza Affari the title Italian post office passes by hand in progress of 1.50%.

On a comparative level on a weekly basis, the trend of larger service infrastructure in Italy highlights a more marked trend than the trendline of FTSE MIB. This demonstrates the greater propensity to purchase by investors towards Italian post office compared to the index.

The medium -term technical implications are always read in a bullish key, while in the short period we are witnessing a weakening of the bullish thrust due to the evident difficulty in proceeding over 19.05 euros. The most immediate support level of control of the current phase seen in the 18.86 area is always valid. The most coherent expectations offer for an extension of the corrective movement towards 18.75 to be manifested in reasonably short times.

tlb-finance