Analysts Coverage

Analysts Coverage

The market consensus as expressed by financial analyst

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	3.20	Buy	Dario Michi
2 Banca Imi	3.52	Buy	Roberto Ranieri
3 Barclays	3.15	Overweight	Monica Girardi
4 Berenberg	3.10	Buy	Stefano Bezzato
5 BofA Merrill Lynch	3.00	Buy	Pablo Cuadrado
6 CAI Cheuvreux	2.84	Underperform	Francesca Pezzoli
7 Centrobanca	3.00	Buy	Edoardo Montalbano
8 Citigroup	2.88	Buy	Antonella Bianchessi
9 Deutsche Bank	3.10	Hold	Gilles Errico
10 Equita	2.92	Hold	Stefano Gamberini
11 Espirito Santo Investment Bank	3.54	Hold	Lawson Steele
12 Exane-BNP Paribas	2.90	Underperform	Olivier Van Doosselaere
13 Fidentiis	3.13	Buy	Enrico Bartoli
14 Goldman Sachs	3.10	Sell	Fred Barasi
15 Hammer Partners	2.85	Buy	Chris Moore
16 HSBC	2.80	Underweight	Josè Lopez
17 Intermonte	2.90	Neutral	Federico Pezzetti
18 JP Morgan Cazenove	3.20	Overweight	Javier Garrido
19 Kepler	3.10	Buy	Claudia Introvigne
20 Macquarie	3.15	Neutral	Atallah Estephan
21 Mediobanca	3.20	Outperform	Maria Beatrice Gerosa
22 Morgan Stanley	2.97	Overweight	Anna Maria Scaglia
23 Nomura	3.54	Neutral	Jonathan Constable
24 Oddo Securities	3.45	Add	Stephane Lacaze
25 Societé Generale	2.90	Hold	Alberto Ponti
26 UBS	3.20	Buy	Alberto Gandolfi

Terna Market Consensus - updated as of January 17, 2012

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