• Most Popular
  • Most Shared

STOCKS NEWS EUROPE-Bulgari shines after results, broker targets

Fri Nov 13, 2009 4:34am EST

Stocks

   

Shares in Italian jeweller Bulgari (BULG.MI) rise more than 4 percent after the company returns to a net profit in the third quarter and analysts raise their price targets on the stock.

The Rome-based jeweller said after market close on Thursday that sales in its own stores rose more than 10 percent in October at constant exchange rates and that it expects the fourth quarter to be the best of the year. [ID:nLC512824]

The results "together with positive hints on current trading and reassuring message on 2010 -- although no guidance was provided -- should support the share price in the short term," one analyst says.

Natixis raises its price target to 5.2 euros from 4 euros with a "reduce" rating while JPMorgan raises its price target to 5.70 euros from 5.40 euros with a "neutral" rating.

Reuters Messaging rm://stefano.rebaudo.reuters.com@reuters.net


More from Reuters

Photo

East Coast tunnels out from severe snowstorm

NEW YORK (Reuters) - The Northeast began digging out on Sunday from a massive snowstorm that buried cities from Washington to Boston under as much as two feet of snow, creating travel chaos and hampering Christmas shopping. | Video

» More Top News
A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

U.S.
Two men shake hands in a file photo. REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article 

Global Deals Review