Morgan Stanley downgraded Mediobanca (MDIBY) to Equal Weight from Overweight with a price target of EUR 22, up from EUR 21. The share price has increased about 50% since the start of the year and the firm believes the market is now fairly valuing the Italian bank, the analyst tells investors.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MDIBY: