Pirelli shares open up 3.9 pct on JP Morgan upgrade


MILAN, July 18 (Reuters) - Italian tyremaker Pirelli shares opened 3.9 percent higher in Milan on Thursday after JP Morgan raised the stock to overweight and upped its price target to 12 euros from 9.50 euros. Investors shrugged off a Wednesday court ruling that Pirelli chief Marco Tronchetti Provera was found guilty of having received stolen data in 2004, when he led Telecom Italia. Tronchetti denies any wrongdoing. (Reporting by Jennifer Clark)


To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!

Already registered? here.

Feb 10, 2017

Volvo V60 Polestar 2.0L Turbo/Supercharged DOHC 4-cyl. -- 2017 Award Acceptance

Stefan Hermelin, general manager-Monitoring & Concept Center, accepts Volvo Cars' award at the 2017 Wards 10 Best Engines ceremony....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×