U.S. stocks rise on Fed cut bets; earnings continue to flow
Investing.com - Deutsche Bank has resumed coverage of Mediobanca Banca di Credito Finanziario SpA (BIT:MB) with a Hold rating and a price target of EUR18.80 per share.
The price target implies a 2026-27 estimated price-to-earnings ratio of 10.8x-10.1x for the Italian banking group.
Deutsche Bank notes that following an improved offer from MPS, Mediobanca is currently valued at EUR20.8 per share, representing a slight premium of 0.6% compared to market prices.
The bank believes this condition limits short-term downside risks for Mediobanca shares.
Deutsche Bank cautions that if the MPS offer proves successful, potential downside risks include shareholder overhang from those supporting the current CEO and possible revisions to the company’s distribution policy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.