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Finmeccanica. UBS upgraded the Italian group to "Neutral" from "Reduce"
Milan, Italy - Price target was lifted to EUR16.8 from EUR 14.2
UBS, Swiss investment banks, upgraded Finmeccanica’s titles to "Neutral" from "Reduce" saying its decision came from the earnings outlook of the Italian defence industry which was increasing. UBS raised 2005-2007 Ebitda rating by 2%/4% and lifted price target to EUR16.8 from EUR14.2. "[...] Earnings estimates are conservative, potential contract wins and synergies expected with take-overs. Remaining c...
AVIONEWS - World Aeronautical Press Agency - 132640
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency