Analysts Coverage

This table shows the Consensus expressed by the analysts from the leading national and international brokerage houses which provide coverage of the Terna share

The analysts' reports are available at Borsa Italiana website

Broker	Target Price (€)	Recommendation	Analyst
1 Banca Akros	3.40	Buy	Dario Michi
2 Banca Imi	3.38	Add	Roberto Ranieri
3 Banca Leonardo	2.92	Underweight	Claudia Introvigne
4 Barclays Capital	3.05	Overweight	Monica Girardi
5 CAI Cheuvreux	3.35	Outperform	Francesca Pezzoli
6 Centrobanca	3.45	Buy	Edoardo Montalbano
7 Citigroup	3.15	Buy	Alberto Ponti
8 Credit Suisse	2.97	Outperform	Anna Maria Scaglia
9 Deutsche Bank	3.20	Buy	Gilles Errico
10 Equita	3.15	Hold	Stefano Gamberini
11 Exane-BNP Paribas	3.10	Outperform	José Javier Ruiz Fernandez
12 Goldman Sachs	3.20	Sell	Matija Gergolet
13 Intermonte	2.95	Underperform	Marco Corsiglia
14 JP Morgan Cazenove	3.10	Overweight	Javier Garrido
15 Kepler	3.23	Buy	Roberto Mascarello
16 Main First	3.37	Buy	Enrico Bartoli
17 Mediobanca	3.46	Outperform	Maria Beatrice Gerosa
18 Merril Lynch	2.90	Neutral	Stefano Bezzato
19 Morgan Stanley	Restricted	Restricted	Antonella Bianchessi
20 Nomura	2.90	Neutral	Martin Young
21 Santander Private Banking	3.18	Neutral	Armando Iobbi
22 Unicredit	3.25	Buy	Javier Suarez
23 UBS	3.20	Buy	Alessandro D'Erme

Terna Market Consensus - updated as of March 9th, 2010