Bipop the minimum 3% leaves the field at the moment and share is trading at 3.29 euros. The weakness of the title is likely that the declines are affecting German Comdirect (active in online trading) that has come to lose 14% in the morning. Remember that Bipop owns one of the largest online banks in Germany, the Entrium. Bipop has seen its lowest level since 2000 at an altitude of 3.21 euros, very close to current prices. Merrill Lynch has revised its recommendation on the title in the long term, create a “neutral” from “buy.” The motivation lies in the loss of credibility of management by the market.
Bipop on historic lows, Merrill revises rating
December 7th, 2009 by admin Leave a reply »
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