Sanpaolo-Imi suffers downgrade Lehman

The debacle of today, Sanpaolo-IMI was caused by the negative reports of Lehman Brothers. Investment bank analysts have revised their “Focus List”, advising to sell the title of the bank led by Rainer Masera. Lehman has cut estimated earnings per share in 2002 and 2003 respectively, 19 and 16% because of weak equity markets, pressure [...]

Rasfin to buy or sell securities

The weakness in equity markets is due to budgetary problems of many U.S. companies. Italian office market studies Rasfin is recommended overweight position on the Telecom sector, Energy, Insurance, Construction and Food & Beverage and is recommended to remain underweight on the banking, media, technology and cars.

Tags: Bank, banking, companies, equity, market, markets

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Technical point [...]

European financial crisis

The difficulties of the German Babcock Borsig and rumors about possible new accounting irregularities (Merck and Reliant) are throwing a little ’shadows on the European financial sector. The letter is trampling on Lloyds (-3.1%), closely followed by Aegon (-2.8%), IntesaBci (-2.8%), SocGen (-2.5%), Munich Re (– 2.7%), Zurich Fin. (-2.5%) And Commerzbank (-2%).

Tags: accounting, Bank, [...]

DB cuts its price target for Infineon

Analysts at Deutsche Bank office studies consider buy the title Infineon but lowered its price target to 30 euros to 25 euros. DB has revised EPS estimates for 2002, increased from -1.04 to -1.07, and for 2003, go from 0 to 0.19. The donwside for the short period is limited.

Tags: analyst, Bank, euro, euros

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Commerzbank puts his hands on 10% of Ferrari

Ferrari will speak German. After the rumors came the confirmation: Commerzbank took over 10% of Ferrari from Mediobanca. The transaction is purely financial. This was announced a spokesman of German bank. Remember that Mediobanca bought 34% of Ferrari last eighth.

Tags: Bank, financial

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Rudelli: “From Fineco expect me ‘”

On 9 July Bipop will change the name to Fineco. The new reality will be the consumer bank Capitalia, the holding company founded by Banca di Roma. “If Fineco will remain as it stands now is there are great ideas and upside price,” says Roberta Rudelli, an analyst at Banca Profilo, “will be more interesting [...]

Unicredito, “no exposure to WorldCom”

UniCredit Group said they have no exposure to WorldCom, the U.S. telecommunications group, which nearly went bankrupt after the scandal that revealed a maxi-scam accounts to the budget. This was confirmed by a spokesman for the company.

Tags: Bank, company, credit, world

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Pirelli at breakneck speed to 1 euro

bad day for Pirelli. The title of Bicocca moves today in sharp contrast marking a decrease of 3.16% at 1.0720. The figure then reached its target price of 1 euro identified by a major investment bank. Very high then trade. There are currently passed from hand 10.79 million pieces against a daily average of 14.6 [...]

Accelerate Seat Pg, arriving for decommissioning

Leap forward for Seat Pg. rising more than 2% with the title changing hands at 0.763 euros, on top of the day. On the gas to the title, as well as strong reassessment in recent days, is the second indiscretion which some funds have made proposals for the Seat with certain banks that the clerics [...]

Lehman: “12 European utilities are buy”

Looking at the European utilities sector the research department of the investment bank Lehman Brothers gives no fewer than 12 reviews buy three strong buy. Among the titles to be purchased are the Italian Acea, highways and next to Enel, E. ON, Endesa, AWG, InternationalPower, Severn Trent, Fortum, Suez and Union Fenosa. Strong buy instead [...]