Analysts at JP Morgan raised its recommendation on Banco Santander Central Hispano (Sch) from Market Performer to Buy, saying that current prices on the license are serving in disproportionate negative news came from South America. The fair value on the Spanish bank was reduced from 10.20 to 9.40 euros.
Posts Tagged ‘market’
JP Morgan raises Sch to buy, target lowered to € 9.40
March 10th, 2010Giliberti “an eye for banks and insurance companies”
March 9th, 2010In this climate of uncertainty for world stock markets are few attractive securities. “Looking at the Milan some banking stocks are now penalized and so interesting,” says Rosario Giliberti azioanria property manager of BNL, “Other areas to look at insurance. In general it is better to use caution, as every bounce track sales to go back to buy at lower prices in a mechanism for buying and selling intraday.
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The crisis does not jeopardize the seats of the big manager
March 8th, 2010The great managers of major companies in the continent seem to be able to remain firmly in the saddle despite the harsh crisis experienced by many of them. One trend that seems not admit exceptions. Among the most striking cases such as Deutsche Telekom and not to mention his number one Ron Sommer. The helmsman of the German giant has failed to meet its commitments, with the debt reduction as its primary objective, and small shareholders are increasingly fierce. Sommer, however, rest easy, at least until September when, in Germany there will be elections. At that point in case of victory of Chancellor Schroder’s place Sommer will be saved, otherwise it could be a change of leadership as repeatedly explained the German commentators. The highest number of examples, however, is in France. Striking is the case of Jean Marie Messier, former child prodigy and now trans finance a number of Vivendi Universal. Once again the board has confirmed his appointment but now his powers are limited by a supervisory board inside with wide powers. Among the major challenges that have moved there is the collapse of shareholder value and radical transformation of the group that for now has not had the desired effects. The list is still long. We can not cite Michel Bon, France Telecom chief who now works in stark contrast to its shareholders and the market demands. Finally a mention also deserve Alcatel. His helmsman Serge Tchuruk yesterday launched yet another profit warning once again renege on the promises made earlier this year. Finally it is interesting to note that all these managers have a close relationship with the governments of their countries, in some cases because the state still has a strong exposure in the capital in others because they were the privatization of the smugglers.
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Lazio, today begins selling new shares
March 8th, 2010Lazio have started today to its new share issues. The market will end, then, 57.6 million shares that will be used to finance the purchases of the new campaign Biancoceleste club. Investors will receive seven new shares for every 10 held, at a price of 0.85 hundredth. The sale will end on July 15.
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Pistorio: “Our industry must focus”
March 8th, 2010Pasquale Pistorio, great chief of ST Microelectronics, has confirmed: “The first quarter of 2002 was the lowest point in respect of the chip market.” Pistorio, however, sees a slight recovery at this time but loses his balance, for obvious reasons, the results of the semester “to be a bit ‘better than the industry average, thanks to diversification.” Scheduled for 2003, a recovery of 20% and the beginning of a process of concentration which may also affect ST.
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Amplifon, acquisition in the United States
March 7th, 2010Amplifon expands presence in North America. The Italian company has acquired, through its U.S. subsidiary, the activities of U.S. and Canadian Sonus Corporation for 38.4 million U.S. dollars in addition to 2.7 million in debt. Sonus, which had sales in 2001 50 million, will enable the company to come to Milan via Ripamonti 10% of the U.S. market.
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Bulgarian descent to the 7 euro
March 7th, 2010bad day for the Bulgarian share slipping to 7 euros. The house of jewelry Romania continues to suffer from the economic downturn of international stock markets and uncertainty on the recovery. The quote is so at 7.04 euros, down 2.45%. Some analysts by earning the title is just under 7 euros, from an investment in the medium term.
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MmO2 ready to launch MMS
March 7th, 2010Even mmO2, after Vodafone, will launch on the market its MMS (Mobile Messaging Service) from next autumn. As appliances to deploy the Service, the British group has chosen Nokia. The operator hopes that this marketing strategy telfon do find inspiration in the field of telecoms qusto heavily penalized in the title this time last periodo.In mmO2 is leaving the field for 1, 9%, while Nokia is down to 0.56 %.
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Banfi “Pirelli Real Estate and ‘dear’
March 7th, 2010Monday, July 17th will start public offering of Pirelli Real Estate. The title will be placed at a price between 26 euros and 31.5 euros. “It ‘a good company with great management,” says Paolo Banfi, head of investment Euroconsult, “but will be placed at the top of the market, real estate. The price is indeed dear. For the housing market in general rather I believe that housing has reached high levels, higher than the commercial sector. “