Data as at  2 September 2019

Banca IMI Gruppo Intesa San Paolo
Davide Candela

"…We also appreciate the company's dividend policy, which we view as reasonable, as the low-single digit growth over the plan period should mirror the strong capex expansion, while maintaining management's financial discipline objective…"                                                

29/08/2019
Comment
Add
Mediobanca
Javier Suarez, Sara Piccinini

"…Moody's confirmed rating at BAA2 and stable outlook..."

26/08/2019
Comment
Outperform
Banca Akros
Emanuele Oggioni

"....Moody's has confirmed the Baa2 rating....."

12/08/2019
Comment
Accumulate
Main First Bank AG
Enrico Bartoli

"... the acquisitions highlighted quick execution of the external growth strategy in the waste treatment business included in the business plan update presented in April....."

06/08/2019
Comment
Outperform
Equita
Stefano Gamberini

"...We confirm the positive view on the title because the 2Q results are positive and lead to improved FY guidance...."

01/08/2019
Comment
Buy
Intermonte
Federico Pezzetti

"...These results confirm the progress achieved by management over the past 18 months - both from industrial and financial viewpoints – and show the clear intention to accelerate investments further with a focus on regulated businesses...."

01/08/2019
Comment
Neutral
Kepler Cheuvreux
Claudia Introvigne

 "....ACEA reported 15% growth in Q2 EBITDA, which came out at EUR255m, taking H1 EBITDA to EUR503m, up 12% YOY, representing 50% of our EBITDA estimate for 2019...."                                                                                             

01/08/2019
Comment
Hold
Fidentiis
Dario Michi

'"....investor attention is on the NWC dynamic .......Acea has slightly improved its 2019 guidance in terms of EBITDA: from +5/6% vs. 2018 to at least +7% YoY...."

01/08/2019
Comment
Hold