(Alliance News) - Generali shares rose on the stock market, closing at EUR32.45, up 1.3% on Tuesday, buoyed by positive assessments from investment firms.
Morgan Stanley raised its target price by 14% to EUR37.5, citing strong cash generation; Akros set its target at EUR35.
Investor focus now shifts to the nine-month financial results, which the board will approve on November 12, as well as the moves of the main shareholders--Mediobanca with 13.2%, Delfin with 10.1%, Caltagirone with 6.3%, and Edizione with 4.8%--in addition to UniCredit, which is involved in a derivative with BNP Paribas covering 5.39% of the capital to reduce its financial exposure while retaining voting rights.
The board of directors may also reopen the dossier for the general manager position, with Giulio Terzariol, current CEO of the Insurance division, possibly being promoted. This appointment would come as part of the new balance following the MPS takeover bid on Mediobanca.
The market is closely watching Donnet's industrial plan, which is delivering results surpassing targets, driven by the Non-Life segment, Life insurance inflows, and potential M&A operations, such as the interest in GamaLife in Portugal.
By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter
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