Analysts coverage

Broker	Analyst	Target Price (€)	Recommendation	Date
Banca Akros	EMANUELE OGGIONI	5.30	ACCUMULATE	06/11/2020
Banca IMI	ROBERTO RANIERI	5.40	ADD	26/11/2020
Bank of America Merrill Lynch	HARRY WYBURD	6.00	BUY	25/11/2020
Barclays	JOSE RUIZ FERNANDEZ	5.00	OVERWEIGHT	26/11/2020
Berenberg Bank	ANDREW FISHER	4.60	HOLD	26/06/2020
Bernstein	MEIKE BECKER	4.70	MARKET-PERFORM	16/12/2020
Citi	ANTONELLA BIANCHESSI	3.50	SELL	10/12/2020
Credit Suisse	STEFANO BEZZATO	5.00	OUTPERFORM	08/12/2020
Deutsche Bank	JAMES BRAND	5.10	BUY	12/01/2021
Equita S.I.M.	STEFANO GAMBERINI	5.30	BUY	27/11/2020
Exane BNP Paribas	OLIVIER VAN DOOSSELAERE	4.90	NEUTRAL	26/11/2020
Goldman Sachs*	ALBERTO GANDOLFI
Intermonte Securities	FEDERICO PEZZETTI	5.30	OUTPERFORM	26/11/2020
JPMorgan	JAVIER GARRIDO	4.90	NEUTRAL	11/01/2021
Kepler Cheuvreux	CLAUDIA INTROVIGNE	5.20	BUY	26/11/2020
Mediobanca	JAVIER SUAREZ	5.15	OUTPERFORM	26/11/2020
Morgan Stanley		4.40	EQUAL-WEIGHT	15/05/2019
Santander	VIRGINIA SANZ DE MADRID	5.50	BUY	30/11/2020
Societe Generale	BARTLOMIEJ KUBICKI	5.40	BUY	31/07/2020
Stifel Europe Bank AG	ENRICO BARTOLI	5.05	HOLD	26/11/2020

* The broker does not allow to share target price and recommendation.

BROKER RECOMMENDATIONS

Broker	Analyst	Recommendation	Date
Banca IMI	ALESSANDRO CHIODINI	Hold	05/11/2015
Bank of America Merril Lynch	EMMANUEL OWUSU-DARKWA	Marketweight	15/11/2016
Barclays	SRINJOY BANERJEE	Marketweight	15/07/2015
CreditSights Limited	ANDREW MOULDER	Market perform	26/06/2012
ING	NADEGE TILLIER	Stable	01/09/2015
JP Morgan	DANIEL VAUN	Neutral	01/03/2013
Natixis	IVAN PAVLOVIC	Underweight	07/12/2016
RBC Capital Markets	NICHOLAS HARRISON	Sector perform	19/05/2014
Santander	MICHAEL CHARLTON	Hold	21/03/2016
Societe generale	PAUL VICKARS	Hold	18/03/2016
Unicredit	SUSANNE REICHHUBER	Marketweight	30/07/2015