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	3.50	Add	Roberto Ranieri
3  Banca Leonardo	3.10	Underweight	Claudia Introvigne
4  Barclays Capital	3.35	Equalweight	Monica Girardi
5  CAI Cheuvreux	3.35	Outperform	Francesca Pezzoli
6  Centrobanca	3.53	Buy	Edoardo Montalbano
7  Citigroup	3.20	Hold	Alberto Ponti
8  Credit Suisse	3.24	Neutral	Anna Maria Scaglia
9  Deutsche Bank	3.20	Hold	Gilles Errico
10 Equita	3.27	Hold	Stefano Gamberini
11 Exane-BNP Paribas	3.39	Outperform	Josè Javier Ruiz Fernandez
12 Fidentiis	3.10	Sell	Luigi Monica
13 Goldman Sachs	3.30	Sell	Matija Gergolet
14 Intermonte	3.03	Underperform	Marco Corsiglia
15 JP Morgan Cazenove	3.10	Overweight	Javier Garrido
16 Kepler	3.30	Buy	Roberto Mascarello
17 Main First	3.50	Buy	Enrico Bartoli
18 Mediobanca	3.38	Outperform	Maria Beatrice Gerosa
19 Merril Lynch	3.00	Underperform	Stefano Bezzato
20 Morgan Stanley	3.20	Equalweight	Antonella Bianchessi
21 Nomura	3.20	Neutral	Martin Young
22 Santander Private Banking	3.23	Neutral	Armando Iobbi
23 Societe Generale	3.50	Buy	Andy Gboka
24 Unicredit	3.30	Buy	Javier Suarez
25 UBS	3.30	Neutral	Alessandro D'Erme

Terna Market Consensus - updated as of August 27th, 2010